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Able Investment completes W16 billion takeover

Published: 2008-07-15 06:58:00
Updated: 2008-07-15 06:58:00
Able Investment said it has emerged as a large shareholder in Binex Co. by completing its 16 billion won takeover of Binex.

The investment company paid current majority shareholder, Binex’s CEO Lee Baek-chun, 16 billion won cash for a 17 percent stake in Binex
Binex has registered in KOSDAQ as a public company in 2001. After public offering of stocks, the company has expanded its business l...

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