Guangdong Wcan Magnetic Materials Co., Ltd. agreed to acquire SM LCD(SUZHOU) CO.,LTD. from Samjin LND Co., Ltd. for KRW27.3 billion.
February 20, 2024
Share
Guangdong Wcan Magnetic Materials Co., Ltd. agreed to acquire SM LCD(SUZHOU) CO.,LTD. from Samjin LND Co., Ltd. (KOSDAQ:A054090) for KRW27.3 billion on February 21, 2024. The transaction is expected to close on May 31, 2024.
SAMJIN LND CO., LTD. is a Korea-based company mainly engaged in the manufacture of electronic components. The Company operates its business through four main divisions: component division, which provides mold frames, gaskets and protective plastic (PP) cases for television (TV) back light units (BLUs), secondary batteries, automobile components and others; mold division, which provides designs and manufactures molds for BLUs, electronic components and others; office automation (OA) division, which provides finishers for printers, and laser diode (LD) division, which light-emitting diode (LED) lighting equipment; The Company also provides resins. In addition, it engages in the real estate rental business.