Jungyi Baek acquired an additional 4.3% stake in CNPLUS Co., Ltd. from Eunmin Co. Ltd. for KRW 1.2 billion.
August 05, 2018
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Jungyi Baek acquired an additional 4.3% stake in CNPLUS Co., Ltd. (KOSDAQ:A115530) from Eunmin Co. Ltd. for KRW 1.2 billion on July 31, 2018. Under the terms of transaction, Jungyi Baek acquired 1.6 million shares for KRW 782 each. Upon completion, Jungyi Baek will hold 1.6 million shares and Eunmin Co. Ltd. will hold 1.2 million shares. Upon completion, Jungyi Baek held 2.4 million shares in CNPLUS Co., Ltd.
Jungyi Baek completed the acquisition of an additional 4.3% stake in CNPLUS Co., Ltd. (KOSDAQ:A115530) from Eunmin Co. Ltd. on July 31, 2018.
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. 
