Tongxin Semiconductor Limited completed the acquisition of 15.88% stake in Fidelix Co., Ltd. from Seung-Han Ahn, Tae-Hwa Ha and Seok-Heon Jang.
June 30, 2015 at 05:00 am
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Tongxin Semiconductor Limited signed a contract to acquire 15.88% stake in Fidelix Co., Ltd. (KOSDAQ:A032580) from Seung-Han Ahn, Tae-Hwa Ha and Seok-Heon Jang for KRW 8.5 billion on April 22, 2015. Tongxin Semiconductor Limited will acquire 2.9 million shares of Fidelix Co., Ltd. for KRW 2924 per share. Tongxin Semiconductor Limited will pay a deposit of KRW 424 million on May 22, 2015 and the balance of KRW 8.1 billion on June 30, 2015. The transaction is expected to complete on June 30, 2015.
Tongxin Semiconductor Limited completed the acquisition of 15.88% stake in Fidelix Co., Ltd. (KOSDAQ:A032580) from Seung-Han Ahn, Tae-Hwa Ha and Seok-Heon Jang on June 30, 2015.
Dosilicon Co Ltd is a China-based company mainly engaged in the research and development (R&D), design and sales of medium and small capacity general memory chips. The Company also provides technical services. The Company's main products include nonvolatile memory chips NAND Flash and NOR Flash, dynamic random access memory (DRAM), multi-chip package (MCP) and other memory chips. The Company's products are mainly used in communication equipment, security monitoring, wearable devices, mobile terminals and other products. The Company's products are exported to Japan, South Korea, Europe, the United States and other countries and regions.