Minebea Co. Ltd. and Moatech Co., Ltd. completed the acquisition of additional 21.22% stake in K.J. Pretech Co. Ltd. from Dukkyung Kim, Dongsun Kim, Hongchul Park, Limitless Holdings and Zum Co., Ltd.
September 31, 2016
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Minebea Co. Ltd. (TSE:6479) and Moatech Co., Ltd. (KOSDAQ:A033200) signed a definitive agreement to acquire an additional 21.22% stake in K.J. Pretech Co. Ltd. (KOSDAQ:A083470) from Dukkyung Kim, Dongsun Kim, Hongchul Park, Limitless Holdings and Zum Co., Ltd for KRW 13.78 billion on July 21, 2016. Minebea Co. Ltd and Moatech Co., Ltd. will acquire 4.11 million shares in K.J. Pretech Co. Ltd. at KRW 3350 per share. The shares will be transferred within 45 days from the contract signing date.
Minebea Co. Ltd. (TSE:6479) and Moatech Co., Ltd. (KOSDAQ:A033200) completed the acquisition of additional 21.22% stake in K.J. Pretech Co. Ltd. (KOSDAQ:A083470) from Dukkyung Kim, Dongsun Kim, Hongchul Park, Limitless Holdings and Zum Co., Ltd on September 1, 2016.
EMNI Co Ltd, formerly KJ Pretech Co Ltd, is a Korea-based company principally engaged in the provision of back light units (BLUs). The Company operates its business through three segments. The BLU segment provides small-sized BLUs used in mobile phones, personal multimedia players and printers. The Electronic Components Business segment provides precision injection molded products. The Other segment is engaged in the other sales such as technology transfer fees.
Minebea Co. Ltd. and Moatech Co., Ltd. completed the acquisition of additional 21.22% stake in K.J. Pretech Co. Ltd. from Dukkyung Kim, Dongsun Kim, Hongchul Park, Limitless Holdings and Zum Co., Ltd.