Sugentech Incorporate completed the acquisition of K-MAC BIO CENTER Corp. from Korea Materials & Analysis Corp..
July 14, 2017
Share
Sugentech Incorporate (XKON:A253840) entered into a contract to acquire K-MAC BIO CENTER Corp. from Korea Materials & Analysis Corp. (KOSDAQ:A043290) for KRW 16.7 billion on June 15, 2017. As reported, Sugentech acquired 1 million shares in K-MAC BIO CENTER. The payment will be made to the specified deposit account on the contract date of June 15, 2017. As on May 1, 2017, K-MAC BIO CENTER Corp. reported total assets of KRW 17.56 billion and total common equity of KRW 16.76 billion. The transaction has been resolved by the Board of Korea Materials & Analysis Corp. Barun Accounting Corporation acted as external rating institution in the transaction.
Sugentech Incorporate (XKON:A253840) completed the acquisition of K-MAC BIO CENTER Corp. from Korea Materials & Analysis Corp. (KOSDAQ:A043290) on July 15, 2017.
HB Solution Co Ltd, formerly LET Co Ltd is a Korea-based company mainly engaged in the production and sale of display manufacturing equipment. The Company mainly manufactures and sells products including assembling machines for attaching the fingerprint sensor to the back of the display; applicators for applying, curing, and inspecting silicone; inspectors for inspecting indentation and lamination of conductive ball between electrodes; and new technology automation equipment to produce ultra-thin tempered flexible glass, among others.