MK Electron Co., Ltd. completed the acquisition of Dongbu Ntech Co.,Ltd from Dongbu Corporation.
August 19, 2021
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MK Electron Co., Ltd. (KOSDAQ:A033160) agreed to acquire Dongbu Ntech Co.,Ltd from Dongbu Corporation (KOSE:A005960) for KRW 45.5 billion on August 5, 2021. Under the terms of the transaction, Dongbu Corporation will sell 280,000 shares in Dongbu Ntech Co.,Ltd. Upon closing of this transaction, Dongbu Ntech Co.,Ltd will be excluded from Dongbu Corporation subsidiaries. Dongbu Ntech Co.,Ltd reported total assets of KRW 11.6 billion and total common equity of KRW 6.1 billion as of December 31, 2020. The transaction is resolved by the Board of Dongbu Corporation. The transaction is expected to close on September 30, 2021. Dongbu Corporation will use funds for its own business and development.
MK Electron Co., Ltd. (KOSDAQ:A033160) completed the acquisition of Dongbu Ntech Co.,Ltd from Dongbu Corporation (KOSE:A005960) on August 20, 2021. All prerequisites for the closing date of the transaction were satisfied on August 19, 2021.
MK ELECTRON CO., LTD. is a Korea-based company engaged in the manufacture of semiconductor package components. The Companyâs product portfolio consist of bonding wires, including gold bonding wires, Au-Ag alloy bonding wires, copper bonding wires and others, which are the materials for semiconductors manufacture that connect leads and silicon chips to transmit electrical signals; solder balls, which are the electronics solder parts that attach semiconductor chips, circuit modules and printed circuit boards (PCBs) to transmit electrical signals, as well as gold evaporate materials and gold sputtering targets. The Company distributes its products within domestic market and to overseas markets. On April 3, 2013, the Company established a new wholly owned subsidiary, MK Investment Co.,LTD, mainly engaged in the asset investments.
MK ELECTRON CO., LTD. 
