Pan Asia Semiconductor Service Co., Ltd. agreed to acquire 24.2% stake in Oceanbridge Co., Ltd from Gyeong-ju Lee, Namcheol Yoon, Jungeun Yoon and Jieun Yoon for KRW 27.8 billion.
May 28, 2020
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Pan Asia Semiconductor Service Co., Ltd. agreed to acquire 24.2% stake in Oceanbridge Co., Ltd (KOSDAQ:A241790) from Gyeong-ju Lee, Namcheol Yoon, Jungeun Yoon and Jieun Yoon for KRW 27.8 billion on May 29, 2020. As per terms, Pan Asia Semiconductor Service Co., Ltd. will acquire 2.4 million shares of Oceanbridge Co., Ltd at KRW 11,500 per share. As of July 8, 2020, the payment date has been changed to July 10, 2020. Post-completion, Gyeong-ju Lee will reduce its stake from 17.71% to 1.71%, Namcheol Yoon will reduce its stake from 9.06% to 4.86%, Jungeun Yoon will reduce its stake from 4.55% to 2.55% and Jieun Yoon will reduce its stake from 4.55% to 2.55%. The transaction is expected to close on July 8, 2020. As of July 8, 2020, the transaction is expected to close on July 10, 2020.
TEMC CNS Co Ltd, formerly OceanBridge Co Ltd, is a Korea-based company mainly engaged in manufacture of semiconductor chemical and semiconductor equipment. The Company operates its business through three segments. The Equipment segment is engaged in the manufacture and sale of semiconductor equipment and secondary battery equipment. The Chemical (Special Gas) segment is engaged in chemical products used in semiconductor manufacturing processes. The Parts and Others segment is engaged in the manufacture and sale of semiconductor parts.
Pan Asia Semiconductor Service Co., Ltd. agreed to acquire 24.2% stake in Oceanbridge Co., Ltd from Gyeong-ju Lee, Namcheol Yoon, Jungeun Yoon and Jieun Yoon for KRW 27.8 billion.