Sambon Precision & Electronics Holdings Investment Co., Ltd. signed a contract to acquire 61.75% stake in Sambon Precision & Electronics Co., Ltd. (KOSDAQ:A111870) from Jang, Joon Taik and 8 others for KRW 58.8 billion on October 2, 2014. Sambon Precision & Electronics Holdings will acquire 5.6 million shares for KRW 10,562 each. A deposit of KRW 5.9 billion was made on October 2, 2014, second payment of KRW 41.1 million will be made on November 17, 2014 while the balance will be made on November 19, 2014. The deal is expected to close on November 17, 2014.


Sambon Precision & Electronics Holdings Investment Co., Ltd. completed the acquisition of 61.75% stake in Sambon Precision & Electronics Co., Ltd. (KOSDAQ:A111870) from Jang, Joon Taik and 8 others on November 17, 2014. Eight other sellers include Chung, Taek-Joo, Lee, Wook-Jin, Park, In-Soon, Park, Jin-Seok, Kim, Dong-Yoon and One NC Co., Ltd.