An unknown buyer cancelled the acquisition of CHARM & CI PLAZA CO., LTD. from Charm Engineering Co.,Ltd..
February 19, 2020
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An unknown buyer signed a contract to acquire CHARM & CI PLAZA CO., LTD. from Charm Engineering Co.,Ltd. (KOSE:A009310) for KRW 11.3 billion on February 20, 2019. Consideration will be paid in full by the closing date and the payment is subject to registration documents for transferring the title of the land use right to the buyer are finally issued by the Vietnamese authorities and the documents are transferred. Board of Charm Engineering Co.,Ltd. resolved in favor of the deal on February 20, 2019.
An unknown buyer cancelled the acquisition of CHARM & CI PLAZA CO., LTD. from Charm Engineering Co.,Ltd. (KOSE:A009310) on February 20, 2020.
Charm Engineering Co Ltd is a Korea-based company engaged in the manufacture and sale of repair equipment that repairs defects in the display panel process. The Company operates its business through two segments. The Domestic Business segment is engaged in the manufacture and sale of display panel repair equipment. It is a repair equipment that repairs defects that occur during the manufacturing process of display panels such as liquid crystal displays (LCDs), organic light emitting diodes (OLEDs), quantum dot-organic light emitting diodes (QD-OLEDs) and micro light emitting diodes (LEDs) using precision optics, lasers and ink modules. The Overseas Business segment is engaged in the provision of parts and equipment maintenance services to overseas customers of repair equipment in Mainland China and Vietnam. In addition, the Company is engaged in the operation of saving banks.
CHARM ENGINEERING CO.,LTD. 
