Alpha Holdings, Inc. cancelled an additional stake of 12.49% in VG Life Sciences Inc from TJU Asset Management, LLC and Penn Life Science, LLC.
October 11, 2017
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Alpha Holdings, Inc. (KOSDAQ:A117670) agreed to acquire an additional stake of 12.49% in VG Life Sciences Inc from TJU Asset Management, LLC and Penn Life Science, LLC for KRW 4.7 billion on October 12, 2016. Under the terms, Alpha Holdings will acquire 3.35 million shares in VG Life Sciences by issue 0.4 million shares. TJU Asset Management, LLC and Penn Life Science, LLC holds 1.68 million shares each in VG Life Sciences Inc. Post acquisition, Alpha Holdings will increase the shareholding from 14.92% to 27.41%.
Alpha Holdings, Inc. (KOSDAQ:A117670) cancelled an additional stake of 12.49% in VG Life Sciences Inc from TJU Asset Management, LLC and Penn Life Science, LLC on October 12, 2017.
Alpha Holdings, Inc., formerly Alphachips Corp., is a Korea-based company engaged in the manufacture of system semiconductors. The Companyâs product portfolio consists of security integrated circuits (ICs), including security camera ICs and encryption ICs; mobile multimedia ICs, including multimedia ICs and camera signal processor ICs; mobile communication ICs, including digital multimedia broadcasting (DMB) ICs and wireless ICs; display ICs, including timing controller ICs, and other ICs, such as printer processor ICs. It also provides system on chip (SoC) design and development services.