CHEMTRONICS.CO.,Ltd. cancelled the acquisition of Wireless Power Transmission and NFC Chip Coil Business from Samsung Electro-Mechanics Co., Ltd..
April 19, 2020
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CHEMTRONICS.CO.,Ltd. (KOSDAQ:A089010) agreed to acquire Wireless Power Transmission and NFC Chip Coil Business from Samsung Electro-Mechanics Co., Ltd. (KOSE:A009150) for KRW 21 billion on April 19, 2019. As per the terms, deposit of KRW 2 billion will be paid within 7 business days from contract signing date, 1st payment of KRW 4 billion on December 31, 2019, 2nd payment of KRW 5 billion on December 31, 2020, 3rd payment of KRW 5 billion on April 30, 2021. The transaction is expected to be completed on April 30, 2021.
CHEMTRONICS.CO.,Ltd. (KOSDAQ:A089010) cancelled the acquisition of Wireless Power Transmission and NFC Chip Coil Business from Samsung Electro-Mechanics Co., Ltd. (KOSE:A009150) on April 19, 2020.
CHEMTRONICS CO.,Ltd. is a Korea-based company mainly engaged in the manufacture of printed circuit board assembly (PBA) products. The Company operates its business through two divisions: electronic division and chemical division. Its electronic division manufactures printed circuit board assemblies (PBAs), touch integrated circuit (ICs), electromagnetic compatibility (EMC) materials and others. Its chemical division manufactures electronic chemical solvents, paints, inks, polyvinyl chloride (PVC) stabilizers and others used for photo resist, color filter, stripper, thinner and others of semiconductor, liquid crystal display (LCD) and plasma display panel (PDP), as well as provides LCD and organic light emitting diode (OLED) thin glass slimming services.