Samchully Co.,Ltd. acquired an additional 1% stake in S-Power Co., Ltd.
July 14, 2014 at 12:00 am EDT
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Samchully Co.,Ltd. (KOSE:A004690) acquired an additional 1% stake in S-Power Co., Ltd. on July 14, 2014. Samchully Co.,Ltd. acquired 0.27 million shares and increased its stake to 13.77 million shares in S-Power Co., Ltd. S-Power Co., Ltd. recorded KRW 614.6 billion of total assets, KRW 346.4 billion of total liabilities and KRW 268.2 billion of total common equity in 2013.
Samchully Co.,Ltd. (KOSE:A004690) completed the acquisition of an additional 1% stake in S-Power Co., Ltd. on July 14, 2014.
Samchully Co., Ltd. is a Korea-based company engaged in the provision of city gas. Along with its subsidiaries, the Company operates five business segments: city gas segment, which mainly supplies liquefied natural gas (LNG) to residential and commercial customers in Gyeonggi-do and Incheon-si; group energy business segment, which supplies heating and electricity; plant segment, which involves in the gas and heating pipelines, and cooling and heating construction business; resource development segment, which mainly sells oil and gas, and other business segment, which involves in the water projects, new and renewable energy business, asset management, catering business and others.