Semicon Light Co., Ltd. (KOSDAQ:A214310) agreed to acquire 14.5% in ACT Co., Ltd. (KOSDAQ:A131400) from a group of shareholders for KRW 12.6 billion on October 14, 2019. As per terms, 2.5 million shares will be acquired. Sellers include Choi, Wonseok and 8 others.

As per terms, KRW 7.5 billion has been paid and balance will be paid on closing. The Board of Directors of Semicon Light Co., Ltd. resolved the deal on October 14, 2019. The deal is expected to close on October 25, 2019.