Dong A Eltek Co., Ltd. cancelled the acquisition of an additional 1.1% stake in Sunic system co., Ltd.
November 29, 2014 at 09:30 am IST
Share
Dong A Eltek Co., Ltd. (KOSDAQ:A088130) agreed to acquire an additional 1.1% stake in Sunic system co., Ltd. for KRW 461.3 million on November 29, 2013. Under the terms of the transaction, Dong A Eltek will acquire 0.05 million shares. Upon completion, Dong A Eltek will hold 3.5 million shares representing 70.1% stake in Sunic system. The transaction was resolved by board of directors of Dong A Eltek. The transaction is expected to close on November 29, 2013.
Dong A Eltek Co., Ltd. (KOSDAQ:A088130) cancelled the acquisition of an additional 1.1% stake in Sunic system co., Ltd. on November 29, 2014.
SUNIC SYSTEM Co., Ltd., formerly SUNIC SYSTEM Ltd., is a Korea-based company principally engaged in the manufacture and distribution of organic light emitting diode (OLED) equipment. The Companyâs products include Sunicel Plus 1850, Sunicel Plus 400, Sunicel Plus 400L, Sunicel Plus 200 and Sunicel Plus 200L. The Company distributes its products within domestic market and to overseas markets.