Acquisition of Shidai Sikang New Materials: Schedule Extension and Condition Change
- Correction of decision to acquire shares in another corporation (correction date: 2026-04-30)
- Payment deadline and expected closing date extended from 2026-04-30 to 2026-06-30
- Deadline for CATL's debt guarantee (KRW 95,448 million, CNY 453.8 million) also extended; penalty may incur if not resolved
- Target (Shidai Sikang New Materials) plans to enter into a loan agreement with CATL (KRW 59,734 million, CNY 284 million, maturity 2026-06-30)
- Acquisition amount: KRW 59,944 million (12.84% of equity)
- Purpose: strategic investment; final acquirer will be a newly established special purpose vehicle
- Target's 2024 financials: total assets KRW 298,582 million, liabilities KRW 180,017 million, equity KRW 118,565 million, net loss KRW 33,061 million
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KOSDAQ Filing Information
- Filing: [Correction of Description] Decision on Acquisition of Stocks and Equity Securities of Other Corporations
- Company: Enchem (348370)
- Submission: Enchem Co., Ltd.
- Receipt: 04-30-2026
- Under KRX KOSDAQ Market Division