Wonik Holdings Co., Ltd. completed the acquisition of additional 26.63% in Wonik IPS Co., Ltd. from WONIK Co., LTD., Wonik QnC Corporation, Yonghan Lee and Moonyong Lee for approximately KRW 250 billion.
July 26, 2016
Share
Wonik Holdings Co., Ltd. (KOSDAQ:A030530) made a tender offer to acquire additional 58.1% in Wonik IPS Co., Ltd. (KOSDAQ:A240810) from WONIK Co., LTD. (KOSDAQ:A032940), Wonik QnC Corporation (KOSDAQ:A074600), Yonghan Lee and Moonyong Lee for approximately KRW 550 billion on June 7, 2016. The offer is made to acquire additional 24 million shares in Wonik IPS for KRW 22,981 each by issuance of shares of Wonik Holdings. WONIK Co., LTD. will sell its 4.19 million shares, Wonik QnC will sell its 2.28 million shares, Yonghan Lee will sell approximately 2.82 million shares and Moonyong Lee will sell approximately 0.08 million shares in the offer. The offer period will start from July 6, 2016 to July 25, 2016 and payment is expected to be made to shareholders on July 27, 2016. As of July 4, 2016, the number of shares issued has been amended to 83 million shares from earlier 74.9 million shares. As on July 26, 2016, the confirmed number of shares acquired in tender offer is 10.99 million shares, in exchange of which 38.01 million shares will be issued as consideration. The forfeited shares will be deposited in cash to the subscribers' accounts on July 27, 2016. The deal is expected to close on July 27, 2016. NH Investment & Securities Co., Ltd. (Wonik IPS KOSE:A005940) acted as handler for the offer.
Wonik Holdings Co., Ltd. (KOSDAQ:A030530) completed the acquisition of additional 26.63% in Wonik IPS Co., Ltd. (KOSDAQ:A240810) from WONIK Co., LTD. (KOSDAQ:A032940), Wonik QnC Corporation (KOSDAQ:A074600), Yonghan Lee and Moonyong Lee for approximately KRW 250 billion on July 27, 2016.
Wonik Corporation is a Korea-based company mainly engaged in the provision of medical equipment. The Company operates its business through three segments: medical and commercial segment, electronic components segment and rental business segment. Its medical and commercial segment mainly provides medical equipment such as endoscopes, lasers, ultrasonic equipment and others, as well as industrial materials, lighting equipment, electronic, electrical and communication equipment components and others. Its electronic components segment mainly manufactures electronic components such as hybrid integrated circuits (HICs), radio frequency (RF) filters, global position systems (GPSs) and others. Its rental business segment engages in the rental business.
Wonik Holdings Co., Ltd. completed the acquisition of additional 26.63% in Wonik IPS Co., Ltd. from WONIK Co., LTD., Wonik QnC Corporation, Yonghan Lee and Moonyong Lee for approximately KRW 250 billion.