[Edaily Reporter Shin Ha-yeon ] ILJIN POWER CO., LTD.(094820)announced on the 18th that it has decided to acquire 1,783,200 shares of its subsidiary, Goyang Green Energy, for 8.916 billion won. The acquisition amount represents 5.90% of the company’s equity.
The acquisition will be carried out by participating in Goyang Green Energy’s paid-in capital increase to purchase new shares with cash. The scheduled acquisition date is the 25th.
Once this acquisition is completed, ILJIN POWER CO., LTD.’s holdings in Goyang Green Energy will increase to 2,409,600 shares, bringing its ownership stake to 76.72%.
The company stated that the purpose of the acquisition is “a capital increase to finance the operations of a special purpose company (SPC).”
The acquisition will be carried out by participating in Goyang Green Energy’s paid-in capital increase to purchase new shares with cash. The scheduled acquisition date is the 25th.
Once this acquisition is completed, ILJIN POWER CO., LTD.’s holdings in Goyang Green Energy will increase to 2,409,600 shares, bringing its ownership stake to 76.72%.
The company stated that the purpose of the acquisition is “a capital increase to finance the operations of a special purpose company (SPC).”
