Pan Asia Semiconductor Service Co., Ltd. cancelled the acquisition of 25.4% stake in in Hisem Co., Ltd. from a consortium of sellers.
February 13, 2018
Share
Pan Asia Semiconductor Service Co., Ltd. and Active Value Asia Partners Co., Ltd. signed a contract to acquire 35.4% stake in Hisem Co., Ltd. (KOSDAQ:A200470) from a consortium of sellers for KRW 21.5 billion on February 14, 2017. The sellers include K.C. Tech Co., Ltd. (KOSE:A029460), Dongjin Semichem Co., Ltd. (KOSDAQ:A005290), Jusung Engineering Co., Ltd. (KOSDAQ:A036930), Woori Technology Investment Co., Ltd (KOSDAQ:A041190), Euije Woo, Sungho Jang and Oksun Han. A deposit of KRW 1.1 billion will be paid on February 14, 2017 and balance of KRW 20.4 billion will be paid on completion on March 29, 2017. Pan Asia Semiconductor Service Co., Ltd. and Active Value Asia Partners amended contract to acquire 35.36% stake in Hisem Co., Ltd. (KOSDAQ:A200470) from a consortium of sellers for KRW 21.4 billion on March 28, 2017. The balance payment of KRW 20.3 billion will be paid on March 29, 2017. The transaction is expected to complete on March 29, 2017. Active Value Asia Partners Co Ltd acquired 9.96% stake in Hisem Co., Ltd. (KOSDAQ:A200470) from Euije Woo and Oksun Han for KRW 6 billion on March 29, 2017. As reported, Active Value Asia Partners Co Ltd acquired 1.75 million Hisem shares at a price of KRW 3,450 per share.
Pan Asia Semiconductor Service Co., Ltd. cancelled the acquisition of 25.4% stake in in Hisem Co., Ltd. (KOSDAQ:A200470) from a consortium of sellers on February 14, 2018.
APact Co Ltd, formerly Hisem Co Ltd, is a Korea-based company principally engaged in the provision of semiconductor testing services. The Company mainly provides testing services for Nand flash memories and dram memories. It also involves in the provision of wafer test, system semiconductor test and packaging test services. The Company provides its services in both domestic market and overseas market.
APACT CO., LTD. 
