Feelux Co., Ltd completed the acquisition of 23.16% stake in JangWonTech Co., Ltd. (KOSDAQ : A174880) from Sambon Precision & Electronics Co.,Ltd.
July 31, 2019
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Feelux Co., Ltd (KOSE:A033180) entered into an agreement to acquire 23.16% stake in JangWonTech Co., Ltd. (KOSDAQ : A174880) from Sambon Precision & Electronics Co.,Ltd (KOSDAQ:A111870) for KRW 23.5 billion on July 5, 2019. Under the terms, 7 million shares will be acquired for KRW 0.003350 million per share.
The transaction is expected to close on July 31, 2019.
Feelux Co., Ltd (KOSE:A033180) completed the acquisition of 23.16% stake in JangWonTech Co., Ltd. (KOSDAQ : A174880) from Sambon Precision & Electronics Co.,Ltd (KOSDAQ:A111870) on July 31, 2019.
JangWonTech Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of smart phone brackets. The Companyâs products mainly include liquid crystal display (LCD) brackets, which are the main component of mobile phoneâs LCD devices, front cases and rear cases of smart phones. The Company is also engaged in the manufacture of tablet personal computer (PC) brackets. The Company also produces thermal imaging camera parts, notebook parts, medical appliance parts, heat sinks of headlamp and others. The Company distributes its products within domestic market and to overseas markets.
JANGWONTECH CO., LTD. 
