Soo Soo Pantry Co., Ltd. completed the acquisition of 19.6% stake in Barun Technology Co.,Ltd. from Barun Electronics Co., Ltd. and Kim Taesub.
June 11, 2019
Share
Soo Soo Pantry Co., Ltd. agreed to acquire 19.6% stake in Barun Technology Co.,Ltd. (KOSDAQ:A029480) from Barun Electronics Co., Ltd. (KOSDAQ:A064520) and Kim Taesub for KRW 7 billion on May 22, 2019. As per the transaction, Soo Soo Pantry Co., Ltd. will acquire 6.65 million shares at KRW 1053 per share. Soo Soo Pantry Co., Ltd. will acquire 5.92 million and 0.72 million shares from Barun Electronics Co., Ltd. and Kim Taesub respectively. Post completion, Barun Electronics Co., Ltd. and Kim Taesub hold no stake in Barun Technology Co.,Ltd. Completion is expected to take place on June 4, 2019. As of June 4, 2019, completion is expected to take place on June 12, 2019.
Soo Soo Pantry Co., Ltd. completed the acquisition of 19.6% stake in Barun Technology Co.,Ltd. (KOSDAQ:A029480) from Barun Electronics Co., Ltd. (KOSDAQ:A064520) and Kim Taesub on June 12, 2019.
TechL Co Ltd, formerly Barun Electronics Co Ltd, is a Korea-based company engaged in the manufacture and sale of memory semiconductor back-end processes. The Company operates its business through two segments. The System in a Package (SIP) Business segment is engaged in the manufacture and sale of memory cards, solid state drives(SSDs), embedded multi media cards(eMMCs) and smart cards. The Huawei Distributor Business segment is engaged in the manufacture and sale of products such as storage, network equipment and video conferencing equipment.
BARUN ELECTRONICS CO., LTD. 
