Star Cheer Corporation Limited completed the acquisition of 22.24% stake in CQV Co., Ltd. from Gil Wan Jang.
July 20, 2023
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Star Cheer Corporation Limited entered into an agreement to acquire 22.24% stake in CQV Co., Ltd. (KOSDAQ:A101240) from Gil Wan Jang for KRW 12.2 billion on January 27, 2023. The transaction is subject to regulatory approvals, GLOBAL NEW MATERIAL INTERNATIONAL HOLDINGS LIMITED shareholders approval and is expected to close on July 31, 2023. The EGM of GLOBAL NEW MATERIAL INTERNATIONAL HOLDINGS LIMITED will be held on June 30, 2023. Francis Li of Squire Patton Boggs acted as legal advisor to Global New Material International Holdings Limited.
Star Cheer Corporation Limited completed the acquisition of 22.24% stake in CQV Co., Ltd. (KOSDAQ:A101240) from Gil Wan Jang on July 21, 2023.
CQV Co., Ltd. is a Korea-based company principally engaged in the manufacture of pearlescent pigments. The Companyâs pearlescent pigments are for industrial usages such as wall papers, paints, artificial leathers, ink and prints, floorings, plastics and powder coatings; cosmetic usages such as nail enamels, lip glosses, base powders, eye shadows, lipsticks and color-related cosmetics, and automotive usages such as exterior paints, automotive paints and refinishes paints. The Company also provides electric ceramic powders (ECPs). It distributes its products within domestic market and to overseas markets.
CQV CO., LTD. 
