Lam Research Corporation completed the acquisition of remaining 60% stake in Corus Manufacturing Ltd. from Charm Engineering Co.,Ltd..
October 31, 2013 at 12:00 am EDT
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Lam Research Corporation (NasdaqGS:LRCX) agreed to acquire remaining 60% stake in Corus Manufacturing Ltd. from Charm Engineering Co.,Ltd. (KOSE:A009310) for KRW 22.1 billion on October 7, 2013. Lam Research Corporation is acquiring 3.76 million shares of Corus Manufacturing Ltd. The transaction has been resolved by Board of Directors of Charm Engineering Co.,Ltd. and is expected to close within a month after the resolution date of Board of Directors.
Lam Research Corporation (NasdaqGS:LRCX) completed the acquisition of remaining 60% stake in Corus Manufacturing Ltd. from Charm Engineering Co.,Ltd. (KOSE:A009310) in October, 2013.
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. 