GSC. Korea Co.,Ltd. cancelled the acquisition of 10.73% stake in Yuyang D&U Co.,Ltd. from Yuyang Investment Fund No.1.
March 30, 2020
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GSC. Korea Co.,Ltd. signed a contract to acquire 10.73% stake in Yuyang D&U Co.,Ltd. (KOSE:A011690) from Yuyang Investment Fund No.1 for KRW 34.4 billion on January 23, 2020. Under the terms of the transaction, GSC. Korea will pay KRW 5500 per share for 6.2 million shares being acquired. Out of total consideration, KRW 3 billion was paid as deposit and the balance amount will be paid on March 31, 2020. The transaction was resolved by the Board on January 23, 2020. The transaction is expected to close on March 31, 2020.
GSC. Korea Co.,Ltd. cancelled the acquisition of 10.73% stake in Yuyang D&U Co.,Ltd. (KOSE:A011690) from Yuyang Investment Fund No.1 on March 31, 2020.
Y2 Solution Co Ltd, formerly Yuyang D&U Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of power supply equipment. The Company operates its business through four segments. The Switching Mode Power Supply (SMPS) segment engages in the manufacture and sale of SMPSs for liquid crystal display (LCD), light emitting diode (LED), smart, organic light emitting diode (OLED), and ultra high definition television (UHD TV). The LED segment provides LED lighting products. The Chemical Wholesale segment operates a distribution business that mainly imports petrochemical intermediate raw materials and solvent cleaners from China and Japan, supplies them to demanding enterprises. The Other Business segment is engaged in the development of new biopharmaceuticals, and others.
Y2 SOLUTION CO., LTD 
