RFTech Co., Ltd. agreed to acquire 10.4% stake in Hyukjin Jeong for KRW 19.8 billion.
November 07, 2019
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RFTech Co., Ltd. (KOSDAQ:A061040) agreed to acquire 10.4% stake in Hyukjin Jeong for KRW 19.8 billion on December 5, 2018. Consideration will be paid in cash and 10% consideration will be paid at the date of conclusion of stock trading contract and remaining 90% of the transaction amount on the date of the extraordinary general meeting of shareholders. SEOU Accounting Corporation acted as external evaluator in the transaction.
RFTech Co.,Ltd. is a Korea-based company mainly engaged in the manufacturing and marketing of value-added products for mobile phones. The Company's mobile phone parts consist of mobile phone chargers, travel chargers, hands-free kits, data link kits, digital multimedia broadcasting (DMB) antennas, data link cables (DLCs), cell phone stylus pens, radio frequency (RF) modules and other accessories. It also involves in the provision of industrial light emitting diode (LED) lightings such as system bar LED lightings, planar lightings, round lightings and others. The Company acts as an original development & design manufacturer (ODM) of Samsung Electronics. It distributes products within domestic market and to overseas markets.