APS Holdings Corporation (KOSDAQ:A054620) made a tender offer to acquire additional 12.2% Advanced Process Systems Corp (KOSDAQ:A265520) for KRW 67.5 billion on November 16, 2017. As per the terms of the transaction, APS Holdings Corporation will acquire 1.7 million shares and will issue shares of APS Holdings Corporation as consideration. The consideration share is valued at KRW 40,496 per share. On December 15, 2017, the terms of the deal has been revised. Under the revised terms, APS Holdings Corporation will issue 8.5 million shares instead of 6.5 million shares. The tender offer will run from December 19, 2017 until January 8, 2018. The transaction will settle on January 11, 2018. Daishin Securities Co. Ltd. acted as service handler in the transaction.

APS Holdings Corporation (KOSDAQ:A054620) completed the tender offer to acquire additional 12.2% Advanced Process Systems Corp (KOSDAQ:A265520) on January 8, 2018. Under the terms of transaction, APS Holdings Corporation will issue 8.5 million shares to acquire 1.7 million shares of Advanced Process Systems Corp and the minority shares were paid in cash to the subscribers for fractional shares without issuing new shares.