Arenel International Co., Ltd. acquired 13.1% stake in HDPRO Co., Ltd. from NextEye Co., Ltd. for KRW 11 billion.
December 18, 2018
Share
Arenel International Co., Ltd. acquired 13.1% stake in HDPRO Co., Ltd. (KOSDAQ:A214870) from NextEye Co., Ltd. (KOSDAQ:A137940) for KRW 11 billion on December 19, 2018. Under the terms of the transaction, NextEye Co., Ltd. agreed to sell 1.9 million shares of HDPRO Co., Ltd. As of December 19, 2018, the transaction was resolved by the Board of NextEye Co., Ltd. The transaction is expected to close on December 19, 2018.
Arenel International Co., Ltd. completed the acquisition of 13.1% stake in HDPRO Co., Ltd. (KOSDAQ:A214870) from NextEye Co., Ltd. (KOSDAQ:A137940) on December 19, 2018. The shares were acquired at KRW 5788 per share.
NextEye Co., Ltd. is a Korea-based company principally engaged in the manufacture and sale of inspection equipment. The Company manufactures liquid crystal display (LCD) visual inspection equipment including LCD film inspection equipment, LCD glass breakage inspection equipment, three dimensional (3D) measuring equipment and others. The Company also produces x-ray inspection equipment, frame grabbers and others. In addition, the Company is engaged in the cosmetics wholesale and retail business. The Company sells its products within domestic market and to overseas markets.
NEXTEYE CO., LTD. 
