APS has sold its shares in Nextin to KCGI for approximately 100.6 billion won.

Kim Minyoung

kimmy@alphabiz.co.kr | 2024-06-24 06:51:12

[Alpha Biz= Reporter Kim Minyoung] KOSDAQ-listed APS is selling its shares in semiconductor inspection equipment company Nextin to KCGI. Once the share transfer is completed, KCGI will become the largest shareholder of Nextin.

On the 21st, Nextin announced through a disclosure that it had signed a stock purchase agreement involving a change in the largest shareholder. The existing largest shareholder, APS, has agreed to transfer 1.35 million shares it holds in Nextin to KCGI.

APS currently owns about 13.9% of Nextin and will sell nearly all its shares, retaining only 0.8%. The transaction amount is approximately 100.6 billion won (74,525 won per share), with payment due on July 31. Upon completion of this transaction, KCGI will hold 13.1% of Nextin's shares, becoming the largest shareholder.

Nextin specializes in semiconductor front-end pattern defect inspection equipment and is particularly noted for its high bandwidth memory (HBM) inspection equipment. Last year, Nextin recorded sales of 87.9 billion won and an operating profit of 36.2 billion won. APS initially acquired its stake in Nextin for about 2.2 billion won in 2015. Previously, APS also transferred a portion of its shares in Nextin to AP Systems for 35 billion won.

APS stated that the decision to sell its stake was made to secure investment funds and improve its financial structure.

 

 


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