Telcon RF Pharmaceutical Acquires Additional 10 Billion KRW Worth of Shares in Affiliate KPM Tech

[Asia Economy Reporter Seungjin Lee] Telcon RF Pharmaceutical announced on the 23rd that it will additionally acquire 10,526,315 shares of its subsidiary KPM Tech, which operates in the other chemical products manufacturing industry, for approximately 10 billion KRW.

After the stock acquisition, Telcon RF Pharmaceutical's stake in KPM Tech will be 23.3%. The scheduled date for the stock acquisition is the 31st.

Telcon RF Pharmaceutical stated that the purpose of this stock acquisition is "to strengthen its stake and enhance business synergy."