New Power Plasma Co.,Ltd entered into a contract to acquire 65.81% stake in Hankuk Fiber Co., Ltd. from Jo Gye-chan, Notix No. 2 Private Equity Joint Stock Company and others for KRW 58 billion.
December 07, 2020
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New Power Plasma Co.,Ltd (KOSDAQ:A144960) entered into a contract to acquire 65.81% stake in Hankuk Fiber Co., Ltd. from Jo Gye-chan, Notix No. 2 Private Equity Joint Stock Company and others for KRW 58 billion on October 21, 2020. As reported, the consideration will be paid in cash. Jo Gye-chan and others will be paid KRW 5 billion at the time of contract and KRW 25 billion on December 8, 2020 while Notix No. 2 Private Equity Joint Stock Company will be paid KRW 2.8 billion at the time of contract and KRW 25.2 billion on December 8, 2020. The transaction will be financed with New Power Plasma Co.,Ltd's own funds and borrowings. The transaction is subject to the approval of the competent authority and other deal conditions. The transaction was resolved by the Board of Directors of New Power Plasma Co. on October 21, 2020. The scheduled transfer date is December 8, 2020.
New Power Plasma Co.,Ltd . is a Korea-based company mainly engaged in manufacture of remote plasma generators (RPGs). The Company's products mainly consist of remote plasma generators, which are used for cleansing deposition chamber of semiconductors, radiofrequency generators, which are used for generation of plasma, matchers, which are used for delivering power from radiofrequency generators to the process chambers. The Company distributes its products within domestic market and to overseas markets including China and Taiwan.
New Power Plasma Co.,Ltd entered into a contract to acquire 65.81% stake in Hankuk Fiber Co., Ltd. from Jo Gye-chan, Notix No. 2 Private Equity Joint Stock Company and others for KRW 58 billion.
NEW POWER PLASMA 
