Cho, Kwang Sik acquired additional 29.615491% stake in PNC Technologies co., Ltd from Kwang Myung Electric Co.,Ltd for KRW 14 billion.
March 18, 2024
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Cho, Kwang Sik acquired additional 29.615491% stake in PNC Technologies co., Ltd (KOSDAQ:A237750) from Kwang Myung Electric Co.,Ltd (KOSE:A017040) for KRW 14 billion on March 19, 2024. Cho, Kwang Sik have 34.47% stake in PNC Technologies after the transaction. Hyundai Accounting Corporation acted as accountant to Kwang Myung Electric.
Cho, Kwang Sik completed the acquisition of additional 29.615491% stake in PNC Technologies co., Ltd (KOSDAQ:A237750) from Kwang Myung Electric Co.,Ltd (KOSE:A017040) on March 19, 2024.
PNC Technologies Co., Ltd is a Korea-based company mainly engaged in the manufacture of digital power equipment. The Company products include feeder remote terminal units (FRTUs) which are used for remote monitoring and supervising the voltage, current and other status, digital protection relays which are used for protection of small or medium motors or motor feeders. The Company also produces remote monitoring and control systems including micro remote control terminals, communication relay devices, central system software and others. The Company also engaged in the manufacture of fault locators such as railway fault locators, electronic and digital meters, sprinkler systems and others.