Ample Ocean Limited completed the acquisition of 23.46% stake in NextEye Co., Ltd. from Aesthetic International Beauty Chain Group Limited.
March 12, 2024
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Ample Ocean Limited agreed to acquire 23.46% stake in NextEye Co., Ltd. (KOSDAQ:A137940) from Aesthetic International Beauty Chain Group Limited for KRW 8.85 billion on July 24, 2023. Ample Ocean Limited will acquire 18.72 million shares in NextEye for KRW 482 per share. Down payment KRW 380 million paid on the day of signing the sales contract. The expected closing date of the transaction is November 17, 2023. The expected closing date of the transaction is April 2, 2024.
Ample Ocean Limited completed the acquisition of 23.46% stake in NextEye Co., Ltd. (KOSDAQ:A137940) from Aesthetic International Beauty Chain Group Limited on March 13, 2024. The transaction is financed from the treasury fund of Ample Ocean.
NextEye Co., Ltd. is a Korea-based company principally engaged in the manufacture and sale of inspection equipment. The Company manufactures liquid crystal display (LCD) visual inspection equipment including LCD film inspection equipment, LCD glass breakage inspection equipment, three dimensional (3D) measuring equipment and others. The Company also produces x-ray inspection equipment, frame grabbers and others. In addition, the Company is engaged in the cosmetics wholesale and retail business. The Company sells its products within domestic market and to overseas markets.