KC Co., Ltd. completed the acquisition of additional 12% stake in KCTech Co., Ltd from Seoktae Ko, Heebok Oh and others.
July 01, 2018
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KC Co., Ltd. (KOSE:A029460) made an offer to acquire additional 12% stake in KCTech Co., Ltd (KOSE:A281820) for KRW 59.5 billion from Seoktae Ko, Heebok Oh and others on June 12, 2018. Under the terms, KC Co., Ltd will acquire 2.4 million shares at KRW 25,000 per share. Post-acquisition, KC Co., Ltd will increase the shareholding from 1.62 million shares (8.16%) to 4 million shares (20.16%) in KCTech Co., Ltd. Seoktae Ko and Heebok Oh will sell 6.4% and 0.98% stake respectively. The tender offer opens on June 12, 2018 and will close on July 2, 2018 and will settle on July 4, 2018. NH Investment & Securities Co., Ltd acted as broker in the transaction.
KC Co., Ltd. (KOSE:A029460) completed the acquisition of additional 12% stake in KCTech Co., Ltd (KOSE:A281820) from Seoktae Ko, Heebok Oh and others on July 2, 2018.
KCTECH CO., LTD is a Korea-based company principally engaged in the manufacture and distribution of production equipment for semiconductors and displays. The Companyâs products include chemical mechanical planarization (CMP) equipment for semiconductors, atomic layer deposition (ALD) systems, spinless coaters, track systems, 300 millimeter wet stations, wet stations for flat panel displays (FPDs), gas supply systems, ceria slurries and others. Through its subsidiaries, it also engages in the design, construction and manufacture of facilities for semiconductor and other industries. The Company distributes its products within domestic market and to overseas markets, including Mainland China, Taiwan and others.