Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
ISU PETASYS has decided to acquire 11.21 million shares (30.11% stake) of JEIO Co., Ltd., a carbon nanotube (CNT) manufacturer, for KRW 257.8B to diversify its business structure and enhance growth.
📊 [Key Disclosure Details & Financial Summary]
- Target Corporation (Issuer): JEIO Co., Ltd. (Republic of Korea)
- Main Business: Carbon nanotube (CNT) production and plant engineering services
- Acquisition Details & Stake Ratio:
- Number of Shares to Acquired: 11,210,000 Common Shares
- Acquisition Amount: KRW 257.819B (KRW 257,819,140,000)
- Ratio to Total Equity: 96.64% (Company’s Total Equity: KRW 266,778,163,292)
- Ratio to Total Assets: 41.16% (Company’s Total Assets: 백626,436,318,507)
- Post-Acquisition Shareholding & Ratio: 11,210,000 shares / 30.11% (Based on total shares post-rights issue)
- Transaction Structure & Payment Schedule:
- ① Share Purchase Agreement (Existing Shares): Acquisition of 5,750,000 shares from CEO Deok-Joo Kang (KRW 158.125B)
- Down Payment (KRW 15.8125B): Paid on November 08, 2024
- Balance Payment (KRW 142.3125B): Expected on March 07, 2025
- ② Third-Party Capital Increase (New Shares): Acquisition of 5,460,000 newly issued shares (KRW 99.69414B)
- Payment Date: Expected on March 07, 2025 (Effective Date: March 08, 2025; Expected Listing Date: March 24, 2025)
- Purpose & Expected Date of Acquisition:
- Purpose: Enhancing revenue stability and strengthening growth through business diversification
- Expected Date of Acquisition: March 07, 2025 (Closing date upon final balance payment)
- Other Key Matters:
- External Valuation Institution: Samjong KPMG (Valuation Opinion: Appropriate)
- Subject to Fair Trade Commission Reporting: Applicable
- Separate Bond Acquisition Plan: Separate acquisition of KRW 42.0B in JEIO’s 2nd private convertible bonds (CB) planned
- This disclosure serves as the finalized disclosure regarding the unconfirmed response disclosure filed on November 04, 2024.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of JEIO Share Acquisition Agreement and Future Payment Status
The company entered into an agreement to acquire existing and new shares of JEIO for business diversification. Verifying whether the balance payment and capital increase payment are completed on the scheduled date is important to confirm the final closing status of this share acquisition transaction. Relevant details can be tracked through follow-up disclosures and periodic financial reports filed after the expected acquisition date of March 07, 2025.
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on official filing data from the Financial Supervisory Service DART system.
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