FRD Co., Ltd. cancelled the acquisition of Industrial Special Gas and Gas Facilities Business Division from JT Corporation.
September 18, 2019
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FRD Co., Ltd. agreed to acquire Industrial Special Gas and Gas Facilities Business Division from JT Corporation (KOSDAQ:A089790) for KRW 1.3 billion on September 19, 2018. As per the terms, consideration will be payable in cash. Payment of KRW 220 million will be paid during the contract signing, second payment of KRW 580 million after due diligence within 14 days and balance of KRW 500 million will be paid on November 30, 2018. As of November 29, 2018, JT Corporation collected the second payment of KRW 580 million and the balance of KRW 500 million, due to the delayed due diligence. JT Corporation will use the transfer of sales as investment resources for future growth.
FRD Co., Ltd. cancelled the acquisition of Industrial Special Gas and Gas Facilities Business Division from JT Corporation (KOSDAQ:A089790) for KRW 1.3 billion on September 19, 2019.
JT Corporation is a Korea-based company mainly engaged in the manufacture and distribution of semiconductor testing equipment. The Companyâs products portfolio consists of semiconductor systems, including burn-in sorters, solid state drive (SSD) test handlers, simple handlers, semiconductor vision inspection systems and others; light-emitting diode (LED) systems, such as LED probers and LED sorters; display drive integrated circuit (DDI), including DDI vision inspection systems and DDI pick and place handlers, as well as organic light-emitting diode (OLED) testing equipment, laser pattern equipment, multilayer laminator equipment and other equipment components. In addition, it provides conversion kits and parts. The Company distributes its products within domestic market and to overseas markets.
JT CORPORATION 
