An unknown buyer agreed to acquire 84.8% stake in Yuyang Technologies Co., Ltd. from KC Cottrell Co., Ltd. for KRW 5.7 billion.
April 14, 2021
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An unknown buyer agreed to acquire 84.8% stake in Yuyang Technologies Co., Ltd. from KC Cottrell Co., Ltd. (KOSE:A119650) for KRW 5.7 billion on April 15, 2021. For the year ending 2020, Yuyang Technologies reported total assets as KRW 5.6 billion, revenue of KRW 9.8 billion and net income of KRW 195 million. The Board resolution date (decision date) is April 15, 2021. The expected date of sales is April 30, 2021.
KC Cottrell Co.,Ltd. is a Korea-based company engaged in the manufacture of environment equipment. The Company mainly provides three categories of products: dust collection systems, gas treatment systems and other new energy systems. Its dust collection systems include electrostatic precipitators (ESPs), reverse air fabric filters, pulse jet air fabric filters, ceramic filters and others. Its gas treatment systems include absorbers and auxiliary systems, limestone slurry preparation systems, flue gas systems, gypsum dewatering systems, waste water treatment systems, rotary atomizer systems and others. Its other new energy systems include ash handling systems, industrial machineries, and photovoltaic equipment. On May 22, 2013, the Company established a new wholly owned subsidiary, engaged in the bag filter business. On June 5, 2013, it acquired a 100% stake in a Korea-based company.
KC COTTRELL CO., LTD. 
