KODI CO., LTD signed an agreement to acquire 66.7% stake in SUR KOREA Co., Ltd. for KRW 2.5 billion.
August 31, 2018
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KODI CO., LTD (KOSDAQ:A080530) signed an agreement to acquire 66.7% stake in SUR KOREA Co., Ltd. for KRW 2.5 billion on August 1, 2018. The deal value is payable in cash. For the year ending December 31, 2017, SUR KOREA Co., Ltd. reported total assets of KRW 2.8 billion, total capital of KRW 1 billion, sales of KRW 11.9 billion and net profit of KRW 382 million. The Board of Directors of KODI CO., LTD passed a resolution for the deal on August 1, 2018. The deal is expected to close on August 1, 2018.
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 
