Daeduck Electronics Co., Ltd. agreed to acquire an additional 5.3% stake in Daeduck GDS Co.,Ltd. for KRW 22.2 billion
May 29, 2017
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Daeduck Electronics Co., Ltd. (KOSE:A008060) agreed to acquire an additional 7.87% stake in Daeduck GDS Co.,Ltd. (KOSE:A004130) for KRW 29.1 billion on May 30, 2017. Under the terms, Daeduck Electronics Co., Ltd. will acquire 1.79 million shares of Daeduck GDS Co.,Ltd. Post completion Daeduck Electronics Co., Ltd will hold 3.64 million shares, representing 17.7% stake in Daeduck GDS Co.,Ltd. On December 29, 2017, Daeduck Electronics Co., Ltd. agreed to acquire an additional 5.3% stake in Daeduck GDS Co.,Ltd. for KRW 22.2 billion. Under the amended terms, Daeduck Electronics Co., Ltd. will acquire 1.2 million shares of Daeduck GDS Co.,Ltd in cash. Post completion Daeduck Electronics Co., Ltd will hold 3.06 million shares, representing 14.85% stake in Daeduck GDS Co.,Ltd.
The transaction is resolved by the Board of Directors of Daeduck Electronics Co., Ltd on May 30, 2017. The amended terms in the deal is resolved by the Board of Directors of Daeduck Electronics Co., Ltd on December 29, 2017. The transaction is expected to close on December 31, 2017.
Daeduck Co Ltd, formerly Daeduck Electronics Co Ltd, is a Korea-based holding company engaged in the manufacturing and distribution of printed circuit boards (PCBs). The Company operates its business through three segments. The PCB Business segment manufactures and sells printed circuit boards. The Radio Frequency (RF) Business segment manufactures and sells products such as surface acoustic wave (SAW) filters and RF modules. The Other Business segment is engaged in the holding business. The Company distributes its products within domestic market and to overseas markets.
DAEDUCK CO.,LTD. 
