SMAC "Acquires Dreamtech Automotive Shares Worth 24.9 Billion KRW... 100% Stake"

[Asia Economy Reporter Park Soyeon] SMAC, a KOSDAQ-listed company, announced on the 13th that it will acquire 10 million shares of Dreamtech Automotive, a manufacturer of lighting devices for transportation equipment, for 24.9 billion KRW.

After the acquisition, SMAC's stake in Dreamtech Automotive will reach 100%. The scheduled date for the stock acquisition is the 30th.

SMAC stated that the purpose of this stock acquisition is to "enter a new business."