Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
ISU PETASYS finalized the acquisition of an 85% stake in its newly established Thai PCB sales joint venture (ISU-APEX) for approximately KRW 3.76 billion, advancing the scheduled acquisition date to March 6, 2025.
📊 [Key Disclosure Details & Financial Figures]
- Disclosure Type: Decision on Acquisition of Shares and Equity Securities of Other Corporation (Voluntary / Correction Disclosure)
- Company Name: ISU PETASYS (Stock Code: 007660)
- Original Filing Date: October 14, 2024
- Correction Date: March 6, 2025
- Reason for Correction: Adjustment of KRW-converted value based on the exchange rate on the actual capital contribution date, confirmation of the representative director, and change in scheduled acquisition date.
Target Company & Acquisition Details (Post-Correction):
- Target Company Name: ISU-APEX Company limited (Nationality: Thailand / Core Business: PCB Sales)
- Representative Director: Gyu-sam Jo (Prior: Undecided)
- Target Company Capital Stock: KRW 4.42B (4,420,680,000 KRW / based on THB 102,000,000)
- Acquired Shares & Ownership Stake: 86,700 shares (85.0% ownership)
- Acquisition Amount: KRW 3.76B (3,757,578,000 KRW / based on THB 86,700,000)
- Acquisition Amount to Equity Ratio: 1.41% (Based on consolidated equity of KRW 266,778,163,292 as of Dec 31, 2023)
- Method of Acquisition: Cash payment
- Purpose of Acquisition: Establishment of a corporation for strategic alliance with a foreign entity
- Scheduled Acquisition Date: March 6, 2025 (Prior: March 31, 2025)
- Initial Board Resolution Date: October 14, 2024
- Applied Exchange Rate: Seoul Money Brokerage basic rate on March 6, 2025 (1 THB = 43.34 KRW / Prior: 1 THB = 40.62 KRW)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Financial Statements for Overseas Joint Venture Impact
This corrective disclosure confirms the final KRW-denominated investment amount of approximately KRW 3.76 billion based on the execution date exchange rate (1 THB = 43.34 KRW) for the new Thai entity (ISU-APEX). Tracking how the newly established overseas subsidiary’s investment status and operational results are incorporated into the company’s statements is important for evaluating the financial impact of its foreign expansion. Progress details can be verified in future periodic filings (Quarterly, Half-Yearly, or Annual Reports) under “Investments in Other Corporations” and “Financial Statement Notes on Subsidiaries and Associates” on DART.
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on official submission data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
Inquiries: For compliance inquiries or copyright-related requests, please contact ksb220805@gmail.com.
