InkTec Co., Ltd. completed the acquisition of Haeun Chemtec Co., Ltd.
December 30, 2021
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InkTec Co., Ltd. (KOSDAQ:A049550) agreed to acquire Haeun Chemtec Co., Ltd. on September 7, 2021. The merger ratio for the transaction will be 1: 0.0790912. Post completion, Haeun Chemtec Co., Ltd. will be merged while InkTec Co., Ltd. would be surviving company. The Board of Directors has passed the resolution for the transaction. Contract is planned to sign on September 10, 2021, shareholder's meeting scheduled on October 27, 2021 and merger date is December 1, 2021. As of October 27, 2021, shareholders of InkTec expressed their objection to the small-scale merger with Haeun Chemtec Co., Ltd. This merger is a small-scale merger in which the approval of the general meeting of shareholders on the merger is replaced by the approval of the board of directors in accordance with Article 527-3 of the Commercial Act.
InkTec Co., Ltd. (KOSDAQ:A049550) completed the acquisition of Haeun Chemtec Co., Ltd. on December 1, 2021.
INKTEC CO., LTD. is a Korea-based company that specializes in the manufacture of ink products. The Company mainly operates in three divisions: image printing, printed electronics and printing system. Its image printing division produces refill inks used in office automation printers, bulk inks used in inkjet printers, electronic inks, as well as commercial inks used in large format printers (LFPs), including refill type and cartridge type. Its printed electronics division produces inks and coatings, paste inks, reflective films, conductive silver inks and others. Its printing system division produces ultraviolet inkjet printer under the brand name JETRIX. It also involves in the provision of media papers, toners, inkjets and others, as well as leasing business. The Company distributes its products within domestic market and to overseas markets.