Synopex Inc. (KOSE:A025320) acquired an additional 35.5% stake in KPI CO., LTD. on November 28, 2013. Synopex Inc. acquired 0.04 million shares of KPI CO., LTD. The transaction will be financed by a private placement proceeds of KRW 499.99 million. KPI CO., LTD. reported total assets of KRW 18.04 billion, total liabilities of KRW 14.04 billion and total stockholders' equity of KRW 4 billion in 2012. The transaction was resolved by Board of Directors of Synopex Inc. on November 28, 2013.


Synopex Inc. (KOSE:A025320) completed the acquisition of an additional 35.5% stake in KPI CO., LTD. on November 28, 2013. As of December 5, 2013, the private placement has been completed.