Advanced Process Systems Corporation completed the acquisition of 27.7% stake in DE&T Co. Ltd. from Kyung-sook Lee and Chang-Hyun Park.
May 30, 2014 at 12:00 am EDT
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Advanced Process Systems Corporation (KOSDAQ:A054620) agreed to acquire 27.7% stake in DE&T Co. Ltd. (KOSDAQ:A079810) from Kyung-sook Lee and Chang-Hyun Park for KRW 8 billion in cash on May 23, 2014. As part of the consideration, deposit of 20% was made on May 23, 2014 and the balance 80% will be paid on completion. Advanced Process Systems will acquire 2.3 million shares of DE&T Co. Ltd. Board of Directors of Advanced Process Systems Corporation resolved the transaction. The transaction is expected to be completed by July 4, 2014.
Advanced Process Systems Corporation (KOSDAQ:A054620) completed the acquisition of 27.7% stake in DE&T Co. Ltd. (KOSDAQ:A079810) from Kyung-sook Lee and Chang-Hyun Park on May 30, 2014.
DE&T Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of flat panel display (FPD) equipment and components. The Company produces inspection equipment for liquid crystal displays (LCDs), plasma display panels (PDPs) and active matrix organic light emitting diodes (AMOLEDs). The Companyâs products mainly consist of macro and micro inspections used to test defects in the thin film transistor glasses and color filter glasses by illuminations and microscopes; gross testers used to test defects in FPD cells; PDP bulb testers and label distribution protocol (LDP) devices used to test panels and conduct laser direct patterning, and others, such as components and probe units. The Company distributes its products within domestic market and to overseas markets.
DE&T CO., LTD. 
