Shenyang Yichuang Precision Technology Co., Ltd. agreed to acquire 90% stake in SKC solmics Hong Kong Co., Ltd from SKC solmics Co., Ltd. for CNY 37.8 billion.
September 12, 2023
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Shenyang Yichuang Precision Technology Co., Ltd. agreed to acquire 90% stake in SKC solmics Hong Kong Co., Ltd from SKC solmics Co., Ltd. for KRW 37.8 billion on September 12, 2023. The issuing company, which is a subsidiary of SKC solmics Co., Ltd.is a special company (SPC) for investment purposes and holds 100% of the shares of SKC Semiconductor Materials (Wuxi) Co., Ltd., a subsidiary company. As a result of this transaction, SKC solmics Hong Kong Limited and SKC Semiconductor Materials (Wuxi) Co., Ltd.'s business related to the Chinese business will be transferred, and SKC solmics Hong Kong Limited's 90% stake will be transferred pursuant to the agreement, and SK Npulse's stake will be 10% after the transfer.
SKC solmics Hong Kong Co., Ltd reported Total assets worth KRW 45.7 million, Total Debt Worth KRW 29.9 million and Net loss of KRW 2.07 million in December 31, 2022. Transaction was already approved by Jiangsu Yoke Technology 's board of director's. Transaction is expected to complete on January 31, 2024. As of January 31, 2024, the transaction is expected to close on March 29, 2024. As of March 29, 2024, the transaction is expected to close on May 31, 2024. As of May 31, 2024, the deal is expected to close on September 12, 2024.
SK EnPulse Co Ltd is a company located in South Korea. The Company is principally engaged in the manufacture and sale of functional semiconductors and FPD component materials based on fine ceramics and silicon. The Companyâs products consist of alumina (Al2O3) ceramics including focus rings, edge rings, ring confinement caps and others; silicon (Si) parts, including Si focus rings, Si edge rings and Si electrodes; silicon carbide (SiC) parts, which include boats, tubes and caps used in chemical vapor deposition (CVD) and low pressure (LP) CVD processes; quartz parts, which are used in dry etching and diffusion processes, and precision cleaning products, such as belljars, lid-liners and cathodes. It also provides solar wafers. The Company distributes its product within domestic market and to overseas markets.
Shenyang Yichuang Precision Technology Co., Ltd. agreed to acquire 90% stake in SKC solmics Hong Kong Co., Ltd from SKC solmics Co., Ltd. for CNY 37.8 billion.
SKC SOLMICS CO., LTD. 
