Charm Engineering Co.,Ltd. acquired additional 35.7288% stake in CHARM SAVINGS BANK CO.,LTD for KRW 4.7 billion.
June 23, 2020
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Charm Engineering Co.,Ltd. (KOSE:A009310) acquired additional 35.7288% stake in CHARM SAVINGS BANK CO.,LTD for KRW 4.7 billion on June 24, 2020. Under the terms, 0.3 million shares will be acquired as a part of the transaction. CHARM SAVINGS BANK reported total assets of KRW 619.1 billion, sales of KRW 54.8 billion and net income of KRW 4.2 billion for the year ended December 31, 2019.
Charm Engineering Co.,Ltd. (KOSE:A009310) completed the acquisition of additional 35.7288% stake in CHARM SAVINGS BANK CO.,LTD on June 24, 2020.
Charm Engineering Co Ltd is a Korea-based company engaged in the manufacture and sale of repair equipment that repairs defects in the display panel process. The Company operates its business through two segments. The Domestic Business segment is engaged in the manufacture and sale of display panel repair equipment. It is a repair equipment that repairs defects that occur during the manufacturing process of display panels such as liquid crystal displays (LCDs), organic light emitting diodes (OLEDs), quantum dot-organic light emitting diodes (QD-OLEDs) and micro light emitting diodes (LEDs) using precision optics, lasers and ink modules. The Overseas Business segment is engaged in the provision of parts and equipment maintenance services to overseas customers of repair equipment in Mainland China and Vietnam. In addition, the Company is engaged in the operation of saving banks.
CHARM ENGINEERING CO.,LTD. 
