RFTech to acquire 49.3% of Hanju Semiconductor for KRW 13bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $9m
- Stake
- 49.3%
- Implied 100%
- $18m
- Revenue
- —
- Op. income
- —
- Multiples
- —
Deal value ÷ stake (structure unconfirmed)
- Target
- Hanju Semiconductor · Display & semiconductor equipment
- Buyer
- RFTech · SI
- Seller
- —
- Structure
- —
- Announced
- Dec 19, 2022
- Closed
- —
- Stage
- Announced
Target
Hanju Semiconductor, founded in 2010, makes display, semiconductor and secondary-battery equipment, supplying coater equipment for display processes, module-process equipment and photoresist coating equipment to major Korean conglomerates, and was reported to be preparing to enter battery equipment.
Deal rationale
An RFTech official said the stake was acquired to strengthen the company's future competitiveness. RFTech was reported to acquire 2,166,667 redeemable convertible preferred shares for KRW 13bn, becoming the largest shareholder with 49.3%. The official said Hanju's 2022 revenue was in the KRW 50bn range and that a return to the KRW 80bn range was expected in 2023 on customer capex.
Press coverage
- 뉴시스 (2022-12-19): “인수 예정일은 이달 23일이며, 인수 금액은 130억원이다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.