Brief: S-Mac to buy stake in Osung LST for 10 bln won

Osung Advanced Materials

29/11/2016 08:26

Nov 29 (Reuters) - S-Mac Co Ltd  097780.KQ  : 
     
    * Says it will buy 20 million shares of Osung LST Co Ltd 
 052420.KQ , a display firm, for business diversity and synergy 
effect  
    * Says transaction amount is 10 billion won  
    * Says it will hold 27.8 percent stake(40 million shares) in 
Osung LST Co Ltd, after the transaction 
     
     
    Source text in Korean: https://goo.gl/bVRjpG 
    Further company coverage:  097780.KQ  052420.KQ  
 
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