DNF Co.,Ltd. entered into an agreement to acquire additional 35.723% stake in ChemOptics Inc. for KRW 7.9 billion.
June 14, 2020
Share
DNF Co.,Ltd. (KOSDAQ:A092070) entered into an agreement to acquire additional 35.723% stake in ChemOptics Inc. for KRW 7.9 billion on June 15, 2020. Under the terms, 0.8 million shares will be acquired at a ratio of 0.730025 as a part of the acquisition. Post the completion of the transaction DNF will hold 50.19% stake in ChemOptics and will operate as a subsidiary of DNF. ChemOptics reported total assets of KRW 22.7 billion, sales of KRW 22.4 billion and net loss of KRW 1.3 billion. The transaction is expected to close on July 1, 2020.
DNF Co.,Ltd. is a Korea-based company engaged in the development, manufacture and marketing of chemical products used for semiconductor industry. The Company mainly produces amorphous carbon layer (ACL) products, which are used as hard mask film materials; atomic layer chemical vapor deposition (AL CVD) products, which are used for dynamic random-access memories (DRAMs) and flash memories; titanium nitride (TiN) products, which are used as diffusion barrier materials; superoxidase dismutase (SOD) products, and others, such as high-k precursors, silicon precursors and others. The Company also provides coating materials for automobiles, construction materials and others. In addition, it involves in the real estate rental business. The Company distributes its products within domestic market and to overseas markets, including China, Japan and Taiwan.
DNF CO.,LTD. 
