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UKC Holdings Corp to Fully Acquire 70.7%-owned Subsidiary from Nippon Chemi-Con Corporation

Tuesday, 4 Sep 2012 02:00am EDT 

UKC Holdings Corp announced that it will purchase 410,000 additional shares of its 70.7%-owned subsidiary, CU TECH CORPORATION, which is engaged in the production of LCD liquid crystal module and organic EL module in Korea, Japan, at the price of JPY 100 million, from Nippon Chemi-Con Corporation, effective September 28, 2012. As a result, UKC Holdings will hold a 100% stake (1,400,000 shares) in CU TECH, up from 70.7% (990,000 shares). 

Company Quote

-1.0 -0.37%
1:15am EDT