Notice on the Start of a Joint Venture in the Republic of Korea
April 30, 2013
Nissha Printing Co.,Ltd.
Nissha Printing Co., Ltd. concluded a joint venture contract with S-MAC Co., Ltd. (hereinafter referred to “S-MAC”) on April 26, 2013 to produce, in the Republic of Korea, touch panels using film capacitance touch sensors via a printing method. In connection of this move, Nissha Printing has decided to engage in the third-party allocation of shares of NS Tech Co., Ltd. (hereinafter referred to “NS Tech”), a company related to S-MAC. Please refer to the information below.Nissha Printing Co., Ltd. concluded a joint venture contract with S-MAC Co., Ltd. (hereinafter referred to “S-MAC”) on April 26, 2013 to produce, in the Republic of Korea, touch panels using film capacitance touch sensors via a printing method. In connection of this move, Nissha Printing has decided to engage in the third-party allocation of shares of NS Tech Co., Ltd. (hereinafter referred to “NS Tech”), a company related to S-MAC. Please refer to the information below.
Objective of Starting the Joint Venture
The production of touch panels using film capacitance touch sensors via a printing method is an area that is expected to grow further. In this area, the expansion of the production capacities of Nissha Printing and S-MAC will be sought by combining the former's production technology related to film type touch sensor with the latter's sensor module production technology. This move will enable us to produce and market precision touch panels with high production efficiency, and expand our business opportunities in the global market.
About Underwriting Third-party Allocation of Shares
| Number of underwriting of allocated shares | 98,000 common shares |
|---|---|
| Amount paid | 108,726 won per share |
| Total amount paid | 10,655,148,000 won |
| Scheduled date of payment | Not fixed (pending the approval of the government of the Republic of Korea) |
| Proportions of capitalization after underwriting of share increase | S-MAC: 51%; Nissha Group: 49% (Total number of issued shares after the third-party allocation of shares: 200,000) |
Outline of NS Tech After the Allocation of Shares
| Name | NS Tech Co., Ltd. |
|---|---|
| Location | Asan, Republic of Korea |
| Date of establishment | April 9, 2013 |
| Title and name of representative | Representative Director: Lee Sung-Cheol |
| Description of business | Production of film capacitance touch sensors via printing method |
| Capital | 1 billion won |
| Date of starting business | Scheduled for July 2013 |
Outline of S-MAC (as of December 31, 2012)
| Name | S-MAC Co., LTD. |
|---|---|
| Location | Hwaseong-si, Gyeonggi-do, Republic of Korea |
| Date of establishment | November 18, 2004 |
| Title and name of representative | Representative Director: Lee Sung-Cheol |
| Description of business | Manufacture of broadcasting and radio communication equipment |
| Capital | 8,202,200,000 won |
| Number of employees | 244 |
The content of the web is information at press time, may change thereafter without notice. Due to risks and uncertainties, predictions may differ from actual results. Please be forewarned.
