CNPLUS Co., Ltd. acquired PK Wind Power Co., Ltd. for KRW 1.5 billion.
July 12, 2020
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CNPLUS Co., Ltd. (KOSDAQ:A115530) acquired PK Wind Power Co., Ltd. for KRW 1.5 billion on July 13, 2020. CNPLUS will pay KRW 1 billion in cash and convertible bonds worth KRW 500 million as consideration.
CNPLUS Co., Ltd. (KOSDAQ:A115530) completed the acquisition of PK Wind Power Co., Ltd. on July 13, 2020.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
