Namuga Co., Ltd. cancelled the acquisition of 8.29% stake in Nanos Co., Ltd. from Lee, Hae-Jin.
April 17, 2016
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Namuga Co., Ltd. (KOSDAQ:A190510) signed a contract to acquire 8.29% stake in Nanos Co., Ltd. (KOSDAQ:A151910) from Lee, Hae-Jin for KRW 5 billion in cash on February 19, 2016. Namuga will pay a deposit of KRW 3 billion on February 22, 2016 and the balance of KRW 2 billion will be paid on March 30, 2016. In a related transaction, Namuga will acquire 1.07 million new shares in Nanos. As of March 29, 2016, the scheduled settlement date is postponed from on March 30, 2016 to April 29, 2016.
Namuga Co., Ltd. (KOSDAQ:A190510) cancelled the acquisition of 8.29% stake in Nanos Co., Ltd. (KOSDAQ:A151910) from Lee, Hae-Jin on April 18, 2016.
Namuga Co.,Ltd is a Korea-based company mainly engaged in the manufacture of camera modules. The Company operates its business through two segments: camera modules segment, which manufactures smart phone camera modules, notebook computer camera modules, three dimension (3D) camera modules and others, and wireless data segment, which manufactures wireless audio modules. The Companyâs major customers include SAMSUNG ELECTRONICS CO,.LTD and LG ELECTRONICS INC.. The Company distributes its products within domestic market and to overseas markets.