Gem&Company acquired an additional 2.67% stake in GemVax&KAEL Co.,Ltd from Junghwa Yoon for KRW 11.2 billion.
July 10, 2018
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Tong 0.917 Co., Ltd. acquired an additional 2.67% stake in GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) from Junghwa Yoon for KRW 11.2 billion on July 6, 2018. Under the terms of the acquisition, 0.92 million shares were acquired at KRW 12240 per share. Post acquisition, Tong 0.917's stake in GemVax&KAEL Co.,Ltd increased from 11.2% to 13.9% and Junghwa Yoon's stake decreased from 5.4% to 2.7%.
Tong 0.917 Co., Ltd. completed the acquisition of an additional 2.67% stake in GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) from Junghwa Yoon on July 6, 2018.
GemVax & KAEL Co.,Ltd is a Korea-based company mainly engaged in the manufacture of pollution control equipment used in semiconductor manufacturing processes. The Company and its subsidiaries are engaged in the three categories of businesses: pollution control business, which manufactures chemical air (CA) filters, gas scrubbers, resins, coating resins and other environmental equipments and systems; anticancer and anti-inflammation business, which engages in development of cancer vaccines for infectious diseases, such as acquired immune deficiency syndrome (AIDS) and anti-inflammations, and IT business which mainly produces liquid crystal display (LCD) modules. The Company distributes its products within domestic market and to overseas markets.
GEMVAX&KAEL CO.,LTD. 
