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[Alpha Biz=(Chicago) Reporter Kim Jisun] SKC will invest more than 5,000 billion won to expand its semiconductor material and parts business. It took over ISC, a global company in semiconductor test solutions. ISC is the global leader in silicon rubber sockets that test semiconductor chipsets.
The company held a board meeting on the 7th and said it decided to acquire 35.8 percent of the ISC stake held by Helios No. 1 Private Equity Investment Co., the current largest shareholder, for 3,475 billion won.
It also decided to jointly acquire new shares of ISC, which will be issued at 2,000 billion won with Helio Private Equity. The total amount of investment is 5,225 billion won. SKC will invest 1,750 billion won in new ISC shares to raise its total stake to 45%. Immediately after the board meeting, the company also signed a stock trading contract (SPA) and a new share acquisition contract (SSA).
ISC will become a subsidiary of SKC when necessary procedures such as reporting and licensing of business combinations are completed. SKC plans to raise funds for this acquisition without reducing existing investment capacity or raising additional funds from outside.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
