Alpha Holdings, Inc. completed the acquisition of 13.1% stake in Hansongneotech Co.,Ltd. from Synerworks Co., Ltd.
August 02, 2022
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Alpha Holdings, Inc. (KOSDAQ:A117670) entered into a share purchase contract to acquire a 13.1% stake in Hansongneotech Co.,Ltd. (KOSDAQ:A226440) from Synerworks Co., Ltd. for KRW 33.9 billion on February 21, 2022. Alpha Holdings will acquire 7,730,546 shares of Hansongneotech from Synerworks Co., Ltd. at a price of KRW 4380 per share. KRW 10 billion has been paid as down payment. In a related transaction, Alpha Holdings, Inc. to acquire 6,976,745 shares in Hansongneotech by way of capital increase. Transactions will be self funded. Post transactions, Alpha Holdings, Inc. will own 14,707,291 shares representing 22.74% stake in Hansongneotech. Scheduled date for change in ownership is September 30, 2022.
Alpha Holdings, Inc. (KOSDAQ:A117670) completed the acquisition of 13.1% stake in Hansongneotech Co.,Ltd. (KOSDAQ:A226440) from Synerworks Co., Ltd. on August 3, 2022.
Alpha Holdings, Inc., formerly Alphachips Corp., is a Korea-based company engaged in the manufacture of system semiconductors. The Companyâs product portfolio consists of security integrated circuits (ICs), including security camera ICs and encryption ICs; mobile multimedia ICs, including multimedia ICs and camera signal processor ICs; mobile communication ICs, including digital multimedia broadcasting (DMB) ICs and wireless ICs; display ICs, including timing controller ICs, and other ICs, such as printer processor ICs. It also provides system on chip (SoC) design and development services.