# Hanil Chemical to acquire 100% of Shindong Paint Industry for KRW 18B

Hanil Chemical decided to acquire 72,250 shares (100%) of Shindong Paint Industry for approximately KRW 18 billion to enter a new business and acquire management rights.

- Type: Acquisition
- Announced: 2021-10-01
- Where: South Korea
- Value: $15.0M (18.0B KRW)
- Status: announced
- Products: paint
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hanil Chemical](https://endata.com/companies/58095.md) (acquirer)
- [Shindong Paint Industry](https://endata.com/companies/58096.md) (target)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2021100114183500443), 2021-10-01: "Hanil Chemical has decided to acquire 72,250 shares (100%) of Shindong Paint Industry Co., Ltd. for approximately 18 billion KRW."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.