An unknown buyer completed the acquisition of 80% stake in Namuga Technologies Co., Ltd. from Namuga Co., Ltd..
March 29, 2018
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An unknown buyer agreed signed a contract to acquire 80% stake in Namuga (Suzhou) Technologies Co., Ltd. from Namuga Co., Ltd. (KOSDAQ:A190510) for KRW 11.8 billion on March 9, 2018. The board passed a resolution on decision to sell the stake in Namuga (Suzhou) Technologies Co., Ltd. on March 9, 2018. The transaction is expected to close on March 29, 2018.
An unknown buyer completed the acquisition of 80% stake in Namuga (Suzhou) Technologies Co., Ltd. from Namuga Co., Ltd. (KOSDAQ:A190510) on March 29, 2018. The payment for the transaction was completed on March 29, 2018.
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. 
