Beken Corporation (SHSE:603068) signed an agreement to acquire Adveos Microelectronic Systems P.c. from Athanasios Vasilopoulos, Loannis Glykiotis, Georgios Dimitropoulos, and Gerasimos Theodoratos for €6 million on August 4, 2020. From the total deal value Beken used its own funds of €4.8 million and at the same time increase capital in Adveos Microelectronic with its own funds using the extant €1.2 million. The acquisition has been reviewed and approved at the third meeting of the second board of directors of the Beken on August 4, 2020. As of December 31, 2019, Adveos Microelectronic Systems reported total assets of €0.73 million, total liabilities of €0.39 million, owners equity of €0.33 million, operating revenue of €2.25 million and EBITDA of €0.39 million.