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CNB Technology Inc to Acquire Stake of ICANTEK Co., Ltd.

Friday, 23 Aug 2013 03:29am EDT 

CNB Technology Inc announced that it has decided to acquire 567,545 shares of ICANTEK Co., Ltd., a provider of closed-circuit television (CCTV) cameras, for KRW 2,925,126,930, to increase its competitiveness in IP camera industry. The expected transaction settlement date is August 28, 2013. The Company will hold a 51% stake (567,545 shares) in ICANTEK Co., Ltd. after the transaction. 

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-30.0 -0.71%
22 May 2015