Cosmetic Platform No. 1 Inc. acquired 5.2% stake in KODI CO., LTD from Pharos Life Science Inc.
February 06, 2018
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Cosmetic Platform No. 1 Inc. acquired 5.2% stake in KODI CO., LTD (KOSDAQ:A080530) from Pharos Life Science Inc. for KRW 7.5 billion on February 7, 2018. Under the transaction, Cosmetic Platform No. 1 Inc. acquired 1 million shares at KRW 7,500 per share and management rights of KODI CO., LTD. Consideration will be paid in tranches, first payment of KRW 5 billion will be paid at the time of contract signing and remaining KRW 2.5 billion within 2 business days from the contract signing.
Cosmetic Platform No. 1 Inc. completed the acquisition of 5.2% stake in KODI CO., LTD (KOSDAQ:A080530) from Pharos Life Science Inc. on February 7, 2018.
KODI Co.,LTD., formerly KODI-S CO.,LTD. is a Korea-based company principally engaged in the manufacturing of semiconductor testing equipment. The Company operates its business under two segments: display segment and energy segment. Its display segment mainly produces probe units and probe cards used for testing thin film transistor liquid crystal displays (TFT-LCDs), light emitting diodes (LEDs) and semiconductors, and organic light emitting diodes (OLEDs) manufacturing equipment. Its energy segment produces chargers, batteries and battery management systems (BMSs) for electrical vehicles, industrial vehicles, bicycles, autonomous guided vehicles (AGVs) and others. The Company mainly supplies its products to domestic market.
KODI CO., LTD 
