-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Recently, LS Cable Korea decided to transfer its LS Group subsidiary Jiawen Cable to its
name.
Actively adjust the company structure LS Cable acquires Jiawen Cable Company
LS Cable has signed a contract to acquire 31.
59% (1314336 shares)
of the 37.
62% stake in Jiawen Cable held by individual major shareholders such as John Koo, chairman of LS-Nikko Copper.
With the equity acquisition, LS Cable became the largest shareholder
of Jiawen Cable.
The total acquisition value is approximately KRW 30.
3 billion
.
To fund the equity acquisition, LS Cable will sell approximately 7% (2156790 shares)
of LS Cable Asia's 57% stake to Chairman John Koo and other major shareholders.
The transaction amount was approximately 13.
9 billion won
.
LS Cable and Jiawen Cable will continue to operate independently, but the two companies will cooperate to create synergies by jointly negotiating to ensure cost competitiveness when purchasing raw materials and cross-utilizing leading technologies
.
LS Cable operates in more than 100 countries around the world, focusing on high value-added products, ultra-high voltage submarine and underground cables
.
It is a global cable manufacturer whose overseas sales account for more than
60% of total sales.
Jiawen Cable Company mainly carries out low, medium voltage and communication cable business
in the Korean market.
Roe-Hyun Myung, CEO of LS Cable, said: "By sharing the global business competitiveness and experience of LS Cable and Jiawen Cable, we will be able to establish differentiated competitiveness
in the global cable market.
”
In recent years, LS Cable has strengthened its competitiveness
through active structural adjustment.
For example, last year it took over the power business in Essex, USA, established an electric vehicle parts subsidiary (LS EV Korea) and acquired a major stake in
Jiawen Cable.
In addition, LS Cable and Jiawen Cable have been carrying out overseas projects to establish LS-Jiawen Cable Myanmar Company (LSGM),
which will soon become a major manufacturer of power cables in Myanmar.
，
Recently, LS Cable Korea decided to transfer its LS Group subsidiary Jiawen Cable to its
name.
Actively adjust the company structure LS Cable acquires Jiawen Cable Company
Actively adjust the company structure LS Cable acquires Jiawen Cable CompanyLS Cable has signed a contract to acquire 31.
59% (1314336 shares)
of the 37.
62% stake in Jiawen Cable held by individual major shareholders such as John Koo, chairman of LS-Nikko Copper.
With the equity acquisition, LS Cable became the largest shareholder
of Jiawen Cable.
The total acquisition value is approximately KRW 30.
3 billion
.
To fund the equity acquisition, LS Cable will sell approximately 7% (2156790 shares)
of LS Cable Asia's 57% stake to Chairman John Koo and other major shareholders.
The transaction amount was approximately 13.
9 billion won
.
LS Cable and Jiawen Cable will continue to operate independently, but the two companies will cooperate to create synergies by jointly negotiating to ensure cost competitiveness when purchasing raw materials and cross-utilizing leading technologies
.
LS Cable operates in more than 100 countries around the world, focusing on high value-added products, ultra-high voltage submarine and underground cables
.
It is a global cable manufacturer whose overseas sales account for more than
60% of total sales.
Jiawen Cable Company mainly carries out low, medium voltage and communication cable business
in the Korean market.
Roe-Hyun Myung, CEO of LS Cable, said: "By sharing the global business competitiveness and experience of LS Cable and Jiawen Cable, we will be able to establish differentiated competitiveness
in the global cable market.
”
In recent years, LS Cable has strengthened its competitiveness
through active structural adjustment.
For example, last year it took over the power business in Essex, USA, established an electric vehicle parts subsidiary (LS EV Korea) and acquired a major stake in
Jiawen Cable.
In addition, LS Cable and Jiawen Cable have been carrying out overseas projects to establish LS-Jiawen Cable Myanmar Company (LSGM),
which will soon become a major manufacturer of power cables in Myanmar.
，
