Techno Horizon Co.,Ltd. completed the acquisition of PACIFIC TECH Group from PANG ONG CHIN and WOO CHUNG BOON.
May 11, 2021
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Techno Horizon Co.,Ltd. (JASDAQ:6629) entered into contract to acquire PACIFIC TECH Group from PANG ONG CHIN and WOO CHUNG BOON for ¥2.2 billion on April 26, 2021. Under the terms of the transaction, Techno Horizon will acquire 100% stake in Pacific Tech Pte. Ltd., Pactech Msp Pte. Ltd., Pacific Intech Distribution Sdn. Bhd. and 49% stake in Pacific Tech (Thailand) Co., Ltd. As a result of the transaction, PACIFIC TECH Group will become a subsidiary of Techno Horizon. As at December 31, 2020, PACIFIC TECH Group had total assets of ¥2.3 billion and net worth of ¥1.28 billion. For the year ended December 31, 2020, PACIFIC TECH Group had revenues of ¥4.8 billion and net income of ¥345 million. The transaction was resolved at the Board of Directors meeting on April 26, 2021. The transaction is expected to close on May 12, 2021.
Techno Horizon Co.,Ltd. (JASDAQ:6629) completed the acquisition of PACIFIC TECH Group from PANG ONG CHIN and WOO CHUNG BOON on May 12, 2021.
Techno Horizon Co Ltd, formerly Techno Horizon Holdings Co Ltd, is a Japan-based company mainly engaged in the development, manufacture and sale of optical equipment and electronic equipment. The Company operates in two business segments. The Optical segment is engaged in the development, manufacture and sale of precision optical components, including document cameras, surveillance cameras, optical units, commercial car carry equipment and others. The Company is also engaged in the manufacture of resin molded parts. The Electronics segment is engaged in the development, manufacture and sale of electronics equipment, including robot controller equipment, computer numerical control (CNC) equipment and other factory automation (FA) related equipment. The Company is also engaged in the development, manufacture and sale of medical electronic equipment.
TECHNO HORIZON CO.,LTD. 
