Domestic institutional investors acquired 2.7% stake in Toptec Co., Ltd. from Jaehwan Lee, Kyungbun Kim and Inbok Bang for KRW 30 billion.
April 23, 2018
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Domestic institutional investors acquired 2.7% stake in Toptec Co., Ltd. (KOSDAQ:A108230) from Jaehwan Lee, Kyungbun Kim and Inbok Bang for KRW 30 billion on April 24, 2018. Under the terms of transaction, domestic institutional investors acquired 0.03 million shares from Jaehwan Lee, 0.2 million shares from Kyungbun Kim and 0.3 million shares from Inbok Bang at KRW 30000 each.
Domestic institutional investors completed the acquisition of 2.7% stake in Toptec Co., Ltd. (KOSDAQ:A108230) from Jaehwan Lee, Kyungbun Kim and Inbok Bang on April 24, 2018.
TOPTEC Co., Ltd. is a Korea-based company engaged in the manufacture of automated machines. The Company's products consist of display related equipment, including equipment for liquid crystal display (LCD), organic light emitting diode (OLED) and plasma display panel (PDP) manufacturing; equipment for rechargeable battery manufacturing, such as can cap laser welding machines, cap assembly machines and laser welding machines; solar module related equipment, including tabbing and laminating machines; automobile related equipment, including seat auto covering machines and seat assembly in-line systems; equipment for belt manufacturing, including of bias cutting machines, angle cutting machines, v-belt building machines and cross cutting machines; nano-fiber and laser cutting equipment, as well as loaders and unloaders.