Orbitech Co., Ltd. agreed to acquire additional 8.56% stake in DNA Link, Inc. from Lee Jong Eun and Entermedia Co.,Ltd. for KRW 7.8 billion.
May 22, 2024
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Orbitech Co., Ltd. (KOSDAQ:A046120) agreed to acquire additional 8.56% stake in DNA Link, Inc. (KOSDAQ:A127120) from Lee Jong Eun and Entermedia Co.,Ltd. for KRW 7.8 billion on May 22, 2024. Transaction is expected to complete on May 31, 2024.
Orbitech Co., Ltd., formerly Korea NonDestructive Testing Co., Ltd., is Korea-based company engaged in the provision of nondestructive testing (NDT) and other services. The Company operates in four categories of businesses: NDT business, which provides NDT services for gas pipes, oil pipes, power plants, ships, bridges, buildings, vessel and tanks; nuclear energy business, which provides radiation-related services, such as radiation management, radiation protection and decontamination, and wastes management services for facilities and utilities; environment business, which provides process development services and analysis services, such as soil, water and marine waste analysis services, and in-service inspection (ISI) business, which provides ISI services used in nuclear power plant sector.