Daesung Celtic Co., Ltd. cancelled the acquisition of energy system business division from Daesung Energy Co., Ltd.
November 05, 2016
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Daesung Celtic Co., Ltd. agreed to acquire energy system business division from Daesung Energy Co., Ltd. (KOSE:A117580) for KRW 17.2 billion on November 6, 2015. The transaction is expected to complete on November 23, 2015. As on November 25, 2015, Daesung Celtic Co., Ltd. agreed to acquire energy system business division from Daesung Energy Co., Ltd. for KRW 15.2 billion. As on November 25, 2015, the expected closing date was extended to December 1, 2015. As per the amended terms of the transaction, Daesung Celtic will now pay KRW 12.6 billion to acquire energy system business division from Daesung Energy.
Daesung Celtic Co., Ltd. cancelled the acquisition of energy system business division from Daesung Energy Co., Ltd. (KOSE:A117580) on November 6, 2015.
DAESUNG ENERGY CO.,LTD. is a Korea-based company mainly engaged in the provision of natural gas. The Company is supplied with natural gas from Koreas Gas Corporation and provides liquefied natural gas (LNG) for cooking, heating, cooling, industrial and business uses. It also operates natural gas stations in Daegu and Jukok. The Company also supplies heat and electricity for Jukgok District for residential, commercial and public uses. In addition, the Company is engaged in Internet shopping mall business and others.