Kim, Sang-Jae, Chief Executive Officer of GemVax&KAEL Co.,Ltd signed a contract to acquire an additional 0.66% stake in GemVax&KAEL Co.,Ltd from KSCB Co.,Ltd. for KRW 2.7 billion.
February 06, 2017
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Kim, Sang-Jae, Chief Executive Officer of GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) signed a contract to acquire an additional 0.66% stake in GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) from KSCB Co.,Ltd. (KOSDAQ:A065940) for KRW 2.7 billion on December 26, 2016. Under the terms of the transaction, Kim, Sang-Jae will acquire 0.2 million shares for KRW 13350 per share. Post-closing, Kim, Sang-Jae will hold 0.39 million shares of GemVax&KAEL Co.,Ltd.
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.
Kim, Sang-Jae, Chief Executive Officer of GemVax&KAEL Co.,Ltd signed a contract to acquire an additional 0.66% stake in GemVax&KAEL Co.,Ltd from KSCB Co.,Ltd. for KRW 2.7 billion.