Orbitech Co., Ltd. completed the sale of 93.3% stake in Betagen Inc.
October 31, 2014 at 04:00 am
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Orbitech Co., Ltd. (KOSDAQ:A046120) signed an agreement to sell 93.2% stake in Betagen Inc. for approximately KRW 800 million on October 28, 2014. Under the terms of the deal, 0.06 million shares are to be sold. After the transaction, Orbitech Co. will hold 4055 shares of Betagen Inc. The Board of Directors of Orbitech Co. resolved the transaction on October 28, 2014. The scheduled date for sales is November 30, 2014.
Orbitech Co., Ltd. (KOSDAQ:A046120) completed the sale of 93.3% stake in Betagen Inc. in October, 2014. 0.06 million shares were sold in the transaction.
Orbitech Co., Ltd., formerly Korea NonDestructive Testing Co., Ltd., is Korea-based company engaged in the provision of nondestructive testing (NDT) and other services. The Company operates in four categories of businesses: NDT business, which provides NDT services for gas pipes, oil pipes, power plants, ships, bridges, buildings, vessel and tanks; nuclear energy business, which provides radiation-related services, such as radiation management, radiation protection and decontamination, and wastes management services for facilities and utilities; environment business, which provides process development services and analysis services, such as soil, water and marine waste analysis services, and in-service inspection (ISI) business, which provides ISI services used in nuclear power plant sector.