Soulbrain Holdings Co., Ltd. made an offer to acquire an additional 38.57% stake in Soulbrain Co., Ltd. (KOSDAQ : A357780) for approximately KRW 690 million.
October 26, 2020
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Soulbrain Holdings Co., Ltd. (KOSDAQ:A036830) made an offer to acquire an additional 38.57% stake in Soulbrain Co., Ltd. (KOSDAQ : A357780) for approximately KRW 690 million on October 26, 2020. Under the terms of transaction, Soulbrain Holdings will pay KRW 228,700 per share. Tender offer will run from November 26, 2020 to December 15, 2020.
Soulbrain Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of information and technology (IT) materials. The Company is engaged in the semiconductor materials business, display materials business, secondary battery materials business, electronic materials business, and bio-health care business. The semiconductor materials business manufactures and sells semiconductor materials such as etching and cleaning solutions. The display materials business produces and supplies major parts for panels such as thin glasses. The secondary battery materials business produces electrolytes and lead tabs, and is also engaged in the development of mid-to-large-sized battery materials. The electronic materials business mainly develops and produces electronic materials necessary for the process of solar power generation, and electric vehicles. The bio-healthcare business mainly produces and sells cell therapy products and bio-materials necessary for the cosmetics business.
Soulbrain Holdings Co., Ltd. made an offer to acquire an additional 38.57% stake in Soulbrain Co., Ltd. (KOSDAQ : A357780) for approximately KRW 690 million.
SOULBRAIN CO., LTD. 
