Notice of Stock Acquisition of Demag Ergotech GmbH and 월드 카지노rn Demag Corporation
February 08, 2008
(hereinafter "SHI" or the "Company") resolved to acquire 100% share of Demag Ergotech GmbH (hereinafter "Demag") and 월드 카지노rn Demag Corporation (hereinafter "월드 카지노rn") both of which manufact and machinery
Purpose of Stock Acquisition
SHI has positioned injection molding business as its core business and focused on strengthening / expanding this segment
electric molding machine is prevailing and the present production ratio within Demag is approximately 10% of total sales
월드 카지노rn withdrew from the manufacturing business last year due to the cooling consumption in the US market and presently operates as a sales and service company
SHI decided to acquire 100% share of Demag and 월드 카지노rn anticipating the expansion of injection molding business in US
Overview of the Target Company
(1) Demag Ergotech GmbH
1- Company Name: Demag Ergotech GmbH
2- Representative: Dr
3- Head Office: Altdorfer Strasse 15
4- Incorporation: 1922
5- Business Description: Manufacture / Sales of injection molding machinery
6- Fiscal Year End: September 30
7- Numeber of Employees: 1
8- Capital Amount: 13
9- Total Number of Issued Shares: 1 share
10- Major Shareholders and Percentage of Shareholding: KraussMaffei Financial Services GmbH 100%
11- Financial Results:
(thousand Euros / numbers in brakets are in milloin KRW)
| 9월 2006 | 9월 2007 | |
| Revenue | 188,191(30,111) | 190,699(30,512) |
| Gross profit | 42,315(6,770) | 43,359(6,937) |
| Operating income | 4,398(704) | 4,300(688) |
| Total assets | 116,678(18,668) | 126,534(20,245) |
| Net assets | 28,635(4,582) | 36,308(5,809) |
(2) 월드 카지노rn Demag Corporation
1- Company Name: 월드 카지노rn Demag Corporation
2- Representative: William Thornton
3- Head Office: 11792 Alameda
4- Incorporation: 1872
5- Business Description: Sales / Service of injection molding machinery
6- Fiscal Year End: September 30
7- Number of Employees: 77
8- Capital Amount: 1
9- Total Number of Issued Shares: 1
10- Major Shareholders and Percentage of Shareholding: MPM US HoldCo Inc
11- Financial Results:
(thousand Euros / numbers in brakets are in milloinJPY)
| 9월 2006 | 9월 2007 | |
| Revenue | 72,740(11,638) | 45,542(7,287) |
| Gross profit | 12,750(2,040) | 982(157) |
| Operating income |  3,747(600) | 6,467(1,035) |
| Total assets | 44,887(7,182) | 13,545(2,167) |
| Net assets | 5,341(855) | 4,090(654) |
a US holding company and a majority shareholder of 월드 카지노rn is also a subsidiary of MPM Holdings LLC
Seller of the Stocks
(1) Stocks of Demag Ergotech GmbH
1- Company Name: KraussMaffei Financial Services GmbH
2- Representative: Dr
3- Head Office: Krauss-Maffei- Strasse 2
4- SHI's relationship with the concerned parties: None
(2) Stocks of 월드 카지노rn Demag Corporation
1- Company Name: MPM US HoldCo Inc
2- Representative: Peter Sassenfeld
3- Head Offiec: 1209 Orange Street
4- SHI's relationship with the concerned parties: None
Acquired number of shares and shareholding ratio before and after the transaction:
(1) Shareholding (ratio) before
- Demag Ergotech GmbH 0 shares
Total number of voting rights 0)
- 월드 카지노rn Demag Corporation 0 shares
Total number of voting rights 0)
(2) Acquired number of voting rights
- Demag Ergotech GmbH 1 share
Total number of voting rights 1)
- 월드 카지노rn Demag Corporation 1
Total number of voting rights 1
(3) Shareholding (ratio) after
- Demag Ergotech GmbH 1 share
Total number of voting rights 1)
- 월드 카지노rn Demag Corporation 1
Total number of voting rights 1
5. Schedule
2008 Resolution by board of directors
2008(plan) Transfer of stock certificate
Future Projection
Effect of acquiring the target company is expected to be minor and there will be no amendments to the consolidated projection for the fiscal year ending March 31
