Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
ISU PETASYS has decided to invest approx. KRW 3.52B (85% stake) in cash to establish a new joint venture (ISU-APEX) in Thailand for a strategic alliance with a foreign entity.
📊 [Key Disclosure Details & Financial Summary]
- Target Company Overview:
- Company Name: ISU-APEX Company limited
- Nationality: Thailand
- Main Business: PCB sales (Entity to be established)
- Acquisition Details & Stake Ratio:
- Number of Shares to be Acquired: 86,700 Common Shares
- Acquisition Amount: KRW 3,521,754,000 (THB 86,700,000 converted at 1 THB = KRW 40.62 as of board date)
- Total Equity: KRW 266,778,163,292 (Based on FY2023 consolidated balance sheet)
- Ratio to Total Equity: 1.32%
- Post-Acquisition Shareholding & Ratio: 86,700 shares / 85%
- Purpose & Expected Date of Acquisition:
- Method of Acquisition: Cash acquisition
- Purpose of Acquisition: Establishment of a corporation for strategic alliance with a foreign entity
- Expected Date of Acquisition: March 31, 2025 (Expected within Q1 2025)
- Board Resolution Date: October 14, 2024
- Other Key Matters:
- Representative and executive details are TBD as of the disclosure date for this new JV setup.
- KRW conversion amount and expected closing date may change depending on foreign exchange rates and regulatory approval schedules on the actual transaction date.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Establishment of Thailand JV and Capital Contribution Schedule
The company decided to acquire equity in a newly established joint venture to strengthen strategic foreign alliances. Verifying whether the cash contribution and entity incorporation are completed according to the planned timeline and exchange rates is important to confirm the final transaction status. Relevant details can be tracked through the ‘Status of Investments in Other Corporations’ section in future periodic filings after the expected acquisition date in Q1 2025.
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Source: This content has been newly structured and created based on official filing data from the Financial Supervisory Service DART system.
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