InnoWireless Acquires 90% Stake in Myeongseong Lifix
Innowireless announced on the 21st that it has agreed to acquire 24,499 shares of Myungseong Lifix, a semiconductor distribution company for vehicles, for 39.15013 billion KRW.
Through this acquisition, Innowireless will hold a 90% stake in Myungseong Lifix.
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The company explained, "This decision is aimed at entering the automotive industry as a new venture and increasing sales and profits through business diversification."
This content was produced with the assistance of AI translation services.
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