Globon Co., Ltd. agreed to acquire 51% stake in Greenscience Power Co.,Ltd from Bong Joo Lee for KRW 2.9 billion.
January 05, 2021
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Globon Co., Ltd. (KOSDAQ:A019660) agreed to acquire 51% stake in Greenscience Power Co.,Ltd from Bong Joo Lee for KRW 2.9 billion on January 6, 2021. Under the terms, Globon will acquire 637,500 shares of Greenscience Power by issuing 4th convertible bond. Post completion, Globon Co., Ltd. will hold 51% stake in Greenscience Power Co.,Ltd. The Board of Globon Co., Ltd. resolved this transaction on January 6, 2021. This transaction expects to close on January 6, 2021.
GLOBON CO., LTD. is a Korea-based company engaged in cosmetics manufacturing business, as well as semiconductor equipment and handset distribution business. The Company produces cosmetics under the brand name of RUE KWAVE. It also engaged in semiconductor idle equipment and mobile phones distribution, semiconductor modification and improvement, as well as file access block (FAB) dismantling. The Company distributes its products within the domestic market and to overseas markets, including Europe, Asia and United States.
GLOBON CO., LTD. 
