Dreamtec Co., Ltd. completed the acquisition of 21.6% in Namuga Co., Ltd. from Naga Family Co., Ltd.
February 13, 2020
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Dreamtec Co., Ltd. agreed to acquire 21.6% in Namuga Co., Ltd. (KOSDAQ:A190510) from Naga Family Co., Ltd. for KRW 38.9 billion on December 23, 2019. As per terms, 0.74 million shares will be acquired for cash. As per terms, 30% will be paid on December 23, 2019 and balance on February 14, 2020. The consideration will be financed from reserved funds. The Board of Directors of Namuga Co., Ltd. resolved the deal on December 23, 2019. Jeongdong Accounting Corporation acted as external evaluator.
Dreamtec Co., Ltd. completed the acquisition of 21.6% in Namuga Co., Ltd. (KOSDAQ:A190510) from Naga Family Co., Ltd. on February 14, 2020.
Namuga Co.,Ltd is a Korea-based company mainly engaged in the manufacture of camera modules. The Company operates its business through two segments: camera modules segment, which manufactures smart phone camera modules, notebook computer camera modules, three dimension (3D) camera modules and others, and wireless data segment, which manufactures wireless audio modules. The Companyâs major customers include SAMSUNG ELECTRONICS CO,.LTD and LG ELECTRONICS INC.. The Company distributes its products within domestic market and to overseas markets.
NAMUGA CO., LTD. 