Korea Business News Agency - NSP NEWS AGENCY.

(서울=NSP통신) jeonghyun go Journal = DREAMTECH, electronic compartments manufacturer gets into the business of camera module and 3D ToF by acquiring NAMUGA specialized in camera module.

DREAMTECH made a contract with NAMUGA by taking over the management stake from Seo Jung Hwa, CEO of NAMUGA and the largest shareholder.

742,620 shares will be taken over from Seo, which is 21.6% out of all shares. The price per a share is 52,414 won. The total cost for buying these shares is 38.9 billion won. Once the contract is made, DREAMTECH becomes the number one largest shareholder of NAMUGA.

DREAMTECH also decided to increase capital by issuing new stocks for Seo. Accordingly, Seo will take over 1,607,718(2.6%)shares of DREAMTECH.

NAMUGA is specialized in the industry with 3D sensing camera and multi camera module technique. They are getting to network globally through R&D center in Korea, production base from China and Vietnam. DREAMTECH plans to enter into 3D ToF business as well as camera module through the contract.

NSP News Agency jeonghyun go Journalist gojh89@nspna.com
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