Mirae Industries to Acquire 36.8% Stake in Aloys, Set to Become Largest Shareholder

Mirae Industries, a semiconductor back-end process equipment company, is set to expand its business portfolio and enhance its global competitiveness by acquiring the largest and major shareholder stakes of Aloys, a KOSDAQ-listed company.

On June 8, Mirae Industries announced that it had signed a stock purchase agreement (SPA) to acquire all shares held by the largest shareholder and key management members of Aloys.

Under this agreement, Mirae Industries will secure a total of 12,751,342 shares, including 5,756,352 shares held by former CEO Kwon Choongsik and an additional 6,994,990 shares to be sold by current management. This represents approximately 36.8% of the total shares.

The total acquisition amount is approximately 20.4 billion won, with the purchase price set at 1,600 won per share. The company explained that payment will be made according to the schedule specified in each contract. Once the deal is completed, Mirae Industries will become the new largest shareholder of Aloys.

Mirae Industries expects to achieve two main outcomes through this acquisition: business diversification and enhanced financial stability.

First, the company plans to reflect Aloys's stable financial structure in its consolidated financial statements, thereby strengthening overall financial soundness and laying a foundation for securing funds for future investments in new high value-added businesses.

Additionally, Mirae Industries intends to combine its semiconductor inspection equipment technology and AI-based system capabilities with Aloys's media streaming device and edge computing businesses, targeting the next-generation high-performance embedded market.

The company particularly expects this transaction to resolve the management control disputes that have previously undermined Aloys's management stability.

Former CEO Kwon Choongsik stated, "We have confirmed that the suspicions regarding the current management and the new governance structure that have been raised were misunderstandings. I have come to trust the capital strength of Mirae Industries, a leading KOSPI company, and the expertise of the current management. For the future of the company and its shareholders, I have decided to withdraw all potential lawsuits and fully transfer my shares."

Through this share acquisition, Mirae Industries aims to stabilize the governance structure, strengthen responsible management, and establish a rapid decision-making system to normalize Aloys's management.

A company representative said, "If Aloys's media solution technology is combined with Mirae Industries' semiconductor and global business capabilities, significant synergies are expected. We will enhance management efficiency and corporate competitiveness to promote greater shareholder value and joint growth for both companies."

This content was produced with the assistance of AI translation services.