Signetics Acquires 15 Billion KRW Worth of Interplex Shares... 6.8% Stake
[Asia Economy Reporter Kwon Jaehee] Signetics announced on the 20th that it will acquire 1,592,400 shares of Interflex for approximately 15 billion KRW in cash.
After the stock acquisition, Signetics' stake in Interflex will be 6.8%. The scheduled date for the stock acquisition is October 20, the same day as the announcement.
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Signetics stated that the purpose of this stock acquisition is "as part of a corporate governance restructuring."
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