Orbitech "Acquires 9.3 Billion Won Worth of Kwantek Shares... Stake at 26.9%"
[Asia Economy Reporter Yoo Byung-don] Orbitech announced on the 28th that it will acquire 10,827 shares of Kwantech, a developer and supplier of application software (Q-Engine solution and Moneypot asset management platform service), for approximately 9.3 billion KRW.
After acquiring the shares, Orbitech's stake in Kwantech will be 26.9%. The scheduled date for the share acquisition is the 30th.
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Orbitech stated that the purpose of this share acquisition is "business diversification and revenue diversification."
This content was produced with the assistance of AI translation services.
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