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Samsung Electronics buys another stake in Rainbow Robotics ... Possibility of acquisition

Business / 김지선 / 03/17/2023 01:13 AM
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
삼성전자 서초사옥 (사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung Electronics is investing in the robot business by buying additional shares in robot developer Rainbow Robotics.

In particular, it also signed a call option contract with Rainbow Robotics, opening up the possibility of acquiring the company in the future and becoming the largest shareholder.

Samsung Electronics announced on the 16th that it bought 913,936 common shares of Zaro Rainbow Robotics over the counter at 30,400 won per share on the 15th.

As a result, Samsung Electronics' share of Rainbow Robotics increased from 10.22% (1,942,000 shares) to 14.99% (2,854,136 shares).

If a company with assets or sales of more than 300 billion won acquires more than 15% of listed stocks with assets or sales of more than 30 billion won, it must report a business combination to the Fair Trade Commission.

The stock purchase amount this time is about 27.8 billion won. The counterpart is six people, including Chief Technology Officer (CTO) Oh Joon-ho, the largest shareholder of Rainbow Robotics.

In addition, Samsung Electronics signed a contract with Rainbow Robotics the previous day, which includes call option conditions involving the largest shareholder change.

Under the contract, Samsung Electronics has the right to claim to sell all of its shares held by Rainbow Robotics' largest shareholders to Samsung Electronics.

Samsung Electronics can become the largest shareholder of Rainbow Robotics depending on the volume of call option events. The call option obligator is seven people, including the current largest shareholder and related parties.

The number of shares subject to call option is 8,550,439 shares. If Samsung Electronics exercises its call option, its stake can increase to 59.94%.

As of the third quarter of last year, CTO, the largest shareholder of Rainbow Robotics, has a stake of 20.98%.

The call option exercise period is up to six years from the date of signing the contract.

 

 

AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)

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