Witz Invests 91.5 Billion KRW in Samsung Electro-Mechanics Thailand Subsidiary
[Asia Economy Reporter Kim Heung-soon] Chemtronics announced on the 27th that its subsidiary Witz will invest 91.5 billion KRW in Samsung Electro-Mechanics Thailand, a manufacturer of communication modules. Chemtronics stated that the purpose of this measure is to "strengthen its position as a specialized company in short-range wireless communication solutions through the acquisition of Samsung Electro-Mechanics' Wi-Fi communication module business."
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