Techwing, Inc. acquired 49.7% stake in Truetech Co., Ltd. for KRW 9.8 billion.
October 10, 2019
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Techwing, Inc. (KOSDAQ:A089030) acquired 49.7% stake in Truetech Co., Ltd. for KRW 9.8 billion on October 11, 2019. As part of transaction, 0.3 million shares were acquired for cash consideration. For the year ended December 31, 2018, Truetech reported net loss of KRW 3.7 billion. As of December 31, 2018, Truetech reported total assets of KRW 43 billion and total capital of KRW 24.1 billion. A resolution by Board was passed on October 11, 2019.
Techwing, Inc. (KOSDAQ:A089030) completed the acquisition of 49.7% stake in Truetech Co., Ltd. on October 11, 2019.
Techwing Inc is a Korea-based company mainly engaged in the manufacture and sale of semiconductor inspection equipment. The Company operates its business through two segments. The Semiconductor Inspection Equipment segment manufactures and sells semiconductor post-processing equipment used for electrical functions such as semiconductor chips, modules, and solid state drives (SSD) or for transporting, sorting, and creating inspection environments in the mounting inspection process. In addition, the segment produces and supplies replacement and consumable parts used in equipment. The Display Inspection Equipment segment manufactures and sells organic light emitting diodes (OLED) and liquid crystal display (LCD) appearance inspection equipment.
TECHWING, INC. 
