Nexturn Co.,Ltd. agreed to acquire 2.4% stake in Ryukil C&S Co., Ltd. for KRW 1.5 billion.
May 29, 2017
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Nexturn Co.,Ltd. (KOSDAQ:A089140) agreed to acquire 2.4% stake in Ryukil C&S Co., Ltd. (KOSDAQ:A191410) for KRW 1.5 billion on May 29, 2017. Nexturn will acquire 0.2 million shares of Ryukil C&S. The transaction was resolved by the Board of Nexturn and is expected to close on June 1, 2017.
RYUK-IL C&S., Ltd is a Korea-based company mainly engaged in the manufacture of mobile phone cover glasses (CGs). The Company's product portfolio consists of main CGs for mobile phones including KF750, KM900, SU130, P990, LU2300, GF180, G2F320, G3F400, G4F500; 3D main CGs for mobile phones including G Flex1 F340 and G Flex2 F500; camera CGs for mobile phones including KF510, KM900, VX9100, P900, L05E, G F180, G2 F320, G3 F400, G4 F500; back covers for phones including G F180 and Nexus E960 and other CGs for laptop computers, MP3, pads and watches. The Company also provides tall processing services including optical clear resin direct bonding (OCR DB), cover glass assembly checking and physical vapor de-positioning (PVD).