Orbitec Changes Majority Shareholder from Ast to Sungjin Holdings
[Asia Economy Reporter Lee Seon-ae] Orbitek announced on the 5th that the largest shareholder will change from Astr to Sungjin Holdings according to a stock transfer agreement. Sungjin Holdings decided to acquire Orbitek's shares for about 13.4 billion KRW last December to participate in management rights. Sungjin Holdings' stake in Orbitek is 10.82% (2,574,258 shares).
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