Kepler Value Partners Co.,Ltd. signed a contract to acquire 27.35% stake in GigaLane Co., Ltd. from Jung-Gon Kim for KRW 23.8 billion.
April 03, 2017
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Kepler Value Partners Co.,Ltd. signed a contract to acquire 27.35% stake in GigaLane Co., Ltd. (KOSDAQ:A049080) from Jung-Gon Kim for KRW 23.8 billion on April 4, 2017. Under the terms of the transaction, Kepler Value Partners Co.,Ltd. will acquire 4.84 million shares at the price of KRW 4,910 per share. Kepler Value Partners Co.,Ltd. will deposit KRW 1.19 billion on April 4, 2017 and KRW 22.59 billion on May 16, 2017. On May 22, 2017, the payment date is amended. As per the new terms, Kepler Value Partners Co., Ltd. will pay KRW 1.2 billion as deposit, KRW 16.5 billion was payable from April 7, 2017 to May 15, 2017 and the balance of KRW 6.1 billion is payable on May 31, 2017. Kepler Value Partners Co.,Ltd. will acquire 2 million shares on May 15, 2017 and the remaining 2.8 million shares will be acquired on May 31, 2017. The scheduled change date is May 16, 2017. As of May 16, 2017, the expected closing date was further extended to May 31, 2017.
GIGALANE Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of radio frequency (RF) communication components and semiconductor equipment. The Company operates its business through three divisions: RF communication component division, semiconductor equipment division and other business division. Its RF communication component division engages in the manufacture of RF cable assemblies and RF connectors used for smart devices under the brand names of SCMP, SCMJ and others. Its semiconductor equipment division provides light-emitting diode (LED) and deep reactive ion etching (DRIE) etcher parts used for semiconductors. Its other business division provides inspection components, including probe cards and probe units. The Company distributes its products within domestic market and to overseas markets.
GIGALANE CO.,LTD. 
