ENF Technology Acquires $11.6 Billion Worth of Shares in U.S. Materials Subsidiary

[Asia Economy Reporter Park Jihwan] ENF Technology announced on the 14th that it will acquire 2 million shares of its semiconductor electronic materials manufacturing and sales subsidiary located in the United States (ENF USA Holdings) for approximately 11.6 billion KRW.

After the acquisition, the shareholding ratio will be 100%. The scheduled date for the stock acquisition is the 21st of this month.

ENF Technology stated that the purpose of this stock acquisition is an investment in a subsidiary.