KODI CO., LTD acquired of an additional 23.3% stake in SUR KOREA Co., Ltd.
August 26, 2019
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KODI CO., LTD (KOSDAQ:A080530) agreed to acquire an additional 23.3% stake in SUR KOREA Co., Ltd. for approximately KRW 880 million on August 27, 2018. Under the terms of transaction, KODI CO., LTD will acquire an additional 0.01 million shares; and will pay KRW 300 million as deposit on August 27, 2018 and the balance of KRW 575 million at a mutually agreed date. Upon completion, KODI CO., LTD will hold 90% stake in SUR KOREA Co., Ltd. For the year ended December 31, 2017, SUR KOREA Co., Ltd. had total assets of KRW 1.9 billion and net assets of KRW 530 million. The transaction has been resolved by the Board of KODI CO., LTD. The transaction is expected to be completed by September 30, 2018.
KODI CO., LTD (KOSDAQ:A080530) completed the acquisition of an additional 23.3% stake in SUR KOREA Co., Ltd. on August 27, 2019.
KODI Co.,LTD., formerly KODI-S CO.,LTD. is a Korea-based company principally engaged in the manufacturing of semiconductor testing equipment. The Company operates its business under two segments: display segment and energy segment. Its display segment mainly produces probe units and probe cards used for testing thin film transistor liquid crystal displays (TFT-LCDs), light emitting diodes (LEDs) and semiconductors, and organic light emitting diodes (OLEDs) manufacturing equipment. Its energy segment produces chargers, batteries and battery management systems (BMSs) for electrical vehicles, industrial vehicles, bicycles, autonomous guided vehicles (AGVs) and others. The Company mainly supplies its products to domestic market.
KODI CO., LTD 
