Neofect Acquires 12,300 Shares of Weber Instruments

[Asia Economy Reporter Kim Ji-hee] Neofect announced on the 15th that it will acquire 12,300 shares of Weber Instrument Co., Ltd. for approximately 3.6 billion KRW. With this additional stock acquisition, Neofect's stake in Weber Instrument will reach 51%.

The company explained the purpose of this stock acquisition as "to achieve an early break-even point, enter new businesses, and create managerial synergy effects."