HB Technology CO.,LTD. acquired an additional 1.96% stake in UBprecision Co. Ltd. from Phoenix Digital Tech Co., Ltd. for KRW 1 billion.
January 02, 2013 at 11:00 pm EST
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HB Technology CO.,LTD. (KOSE:A078150) acquired an additional 1.96% stake in UBprecision Co. Ltd. (KOSE:A053810) from Phoenix Digital Tech Co., Ltd. for KRW 1 billion on January 3, 2013. HB Technology CO.,LTD. acquired 0.1 million shares of UBprecision Co. Ltd. representing 1.96% stake at KRW 0.01 million per share. Post transaction, Phoenix Digital Tech Co., Ltd. will hold 7.4% stake in UBprecision Co. Ltd.
HB Technology CO.,LTD. (KOSE:A078150) completed the acquisition of an additional 1.96% stake in UBprecision Co. Ltd. (KOSE:A053810) from Phoenix Digital Tech Co., Ltd. on January 3, 2013.
HB Technology CO.,LTD., formerly NCB NETWORKS CO.,LTD., is a Korea-based company mainly engaged in the manufacture of semiconductor inspection equipment. The Companyâs products include automated optical inspection (AOI) systems, which are used for thin film transistor liquid crystal displays (TFT LCDs), organic light-emitting diodes (OLEDs) and plasma display panels (PDPs); POL inspection systems, which are mainly used for plat films of LCD displays, and bare glass inspection systems. The Companyâs customers include SAMSUNG ELECTRONICS CO,.LTD, Samsung Mobile Display Co., Ltd., Samsung Corning Precision Materials Co., Ltd., Beijing BOE Display Technology Co., Ltd., and other display and semiconductor manufacturers. On July 8, 2013, it merged with LST, a Korea-based company mainly engaged in the manufacturing and sales of display parts. After the merger, the Company survived and LST was dissolved.