Elcomtec Co., Ltd agreed to acquire Injection Molding division of Partron Co., Ltd from Partron Co., Ltd. for KRW1.4 billion.
May 15, 2022
Share
Elcomtec Co., Ltd (KOSDAQ:A037950) agreed to acquire Injection Molding division of Partron Co., Ltd from Partron Co., Ltd. (KOSDAQ:A091700) for KRW1.4 billion on May 16, 2022. The scheduled date of general meeting of shareholders is June 28, 2022. The transaction is expected to close on July 1, 2022.
ELCOMTEC CO.,LTD is engaged in the provision of mobile phone parts. It offers mobile phone parts, including compact camera modules (CCMs), which receive optical signals from photo-optical sensors and change it to electronic signals and output as an image signals, as well as keypads, including plastic key type, steel special use stainless (SUS) key type and film key type. It also produces high-voltage condensers (HVCs) and light-emitting diode (LED) lighting products such as LED tunnel lights, LED ceiling lights, LED security lights and others. Through its subsidiary, the Company is involved in the overseas development of minerals such as gold. On March 27, 2014, it acquired a 100% stake in a Korea-based company, engaged in the manufacturing and sales of lens. On March 31, 2014, it sold its entire stake in AGM MINING CO.,LTD. On May 30, 2014, it acquired a 100% stake in a Korea-based company. On June 10, 2014, it acquired the entire share capital of Microptics Co Ltd.
ELCOMTEC CO., LTD 
