Acquisition of Lee Kyung E&C 100% for 38.5B won with planned 3rd-party allotment
- KOYJ decided to acquire 40,000 shares (100%) of Lee Kyung E&C Co., Ltd. for 3.85 billion won (self-funded). Purpose: entry into industrial wastewater treatment and resource recovery.
- The acquisition price is approximately 10.6% below the DCF valuation range (4.364 billion to 4.907 billion won) by external appraiser Sungyul Accounting Corporation.
- The target company posted a net loss of 457 million won in the most recent fiscal year, with equity of 469 million won, indicating weak financials.
- The disclosure states a plan for a third-party allotment within 6 months, implying potential future dilution.
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KOSDAQ Filing Information
- Filing: Report on Major Matters (Decision to Acquire Stocks and Investment Securities of Other Corporation)
- Company: KOYJ (121850)
- Submission: KOYJ. CO.,LTD
- Receipt: 05-21-2026