Shinyoung Asset Management Co., Ltd. acquired 5.02% stake in Asia Paper Manufacturing Co., Ltd..
January 02, 2014 at 11:00 pm EST
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Shinyoung Asset Management Co., Ltd. acquired 5.02% stake in Asia Paper Manufacturing Co., Ltd. (KOSE:A002310) on January 3, 2014. Shinyoung acquired 0.45 million shares in the transaction.
Shinyoung Asset Management Co., Ltd. completed the acquisition of 5.02% stake in Asia Paper Manufacturing Co., Ltd. (KOSE:A002310) on January 3, 2014.
Asia Paper Manufacturing Co., Ltd is a Korea-based company principally engaged in the manufacture of linerboards and corrugated boxes. The Company provides linerboards including test linerboards, which are used for package of industrial products and agricultural products; gypsum linerboards, which are used in architecture gypsum boards, and kraft papers. In addition, it is engaged in the manufacture and sales of corrugated cardboards and corrugated boxes through its subsidiaries. The Company also involves in the real estate leasing business. It distributes its products within domestic market and to overseas markets. The Companyâs main clients are Samsung Electronics, LG Electronics, CHEIL Industrial and others. On January 1, 2013, it merged with ASIA PAPERTEC INC., a Korea-based manufacturer of corrugated papers. After the merger, the Company survived and ASIA PAPERTEC was dissolved.
ASIA PAPER MANUFACTURING. CO., LTD 