ABCO Electronics Co., Ltd. entered into an agreement to acquire remaining 5.32% stake in ABCO ELECTRONICS Vina Co., Ltd. for KRW 5.9 billion.
October 22, 2019
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ABCO Electronics Co., Ltd. (KOSDAQ:A036010) entered into an agreement to acquire remaining 5.32% stake in ABCO ELECTRONICS Vina Co., Ltd. for KRW 5.9 billion on October 23, 2019. The consideration will be paid in cash. Post-acquisition, ABCO Electronics will own 100% of ABCO ELECTRONICS Vina. The transaction is expected to close on January 30, 2020. As of January 28, 2020, the transaction has been expected to close on April 24, 2020. As of April 22, 2020, the transaction is expected to close on June 5, 2020.
ABCO ELECTRONICS CO., LTD is a Korea-based company engaged in the manufacturing of inductors and resistors. The Company's products consists of chip inductors, including signal inductors, common mode filters and surface mounted device (SMD) power inductors; lead inductors, including lead power inductors and others, as well as resistors, including chip resistors, lead resistors and others. The products are mainly used in portable information communication devices such as mobile phones, notebook personal computers (PCs) and others; digital audio and visual (AV) equipment such as light-emitting diode (LED), liquid crystal display (LCD), plasma display panel (PDP) televisions, digital cameras and others, as well as multi-media products and household appliances.
ABCO ELECTRONICS CO., LTD. 
