Semicon Light Co., Ltd. completed the acquisition of 14.5% in ACT Co., Ltd. from a group of shareholders.
October 24, 2019
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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.
Semicon Light Co., Ltd. (KOSDAQ:A214310) completed the acquisition of 14.5% in ACT Co., Ltd. (KOSDAQ:A131400) from a group of shareholders on October 25, 2019.
SL Energy Co Ltd, formerly SL Bionics Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of light emitting diode (LED) chips. The Company operate its business through two segments. The LED Business segment is engaged in the manufacture and sale of products such as flip chips, lateral chips, chip scale packages and metal packages in its portfolio. The products are mainly used in fields including backlight units, lighting, automobiles and ultraviolet sterilization. The Energy Business segment is engaged in the manufacture and sale of eco-friendly fuel oil and by-product fuel oil.