Future Industry is experiencing a 17% increase in shares following the announcement of its acquisition of management rights in Alois, a KOSDAQ-listed company.
According to the Korea Exchange, as of 2:17 PM, Future Industry's shares rose by 5,350 won (17.09%) to 36,650 won compared to the previous trading day.
The news that Future Industry will acquire all shares held by Alois's largest and key shareholders has reportedly boosted investor sentiment.
Future Industry announced that it signed a stock transfer agreement to acquire 12,751,342 shares from former CEO Kwon Chung-sik, current CEO Shin Jeong-gwan, and Director Lee Si-young.
The total acquisition amount is approximately 20.4 billion won, which represents 15.77% of Future Industry's equity. The purchase price per share is set at 1,600 won, and upon completion of the transaction, Future Industry will hold about 36.8% of Alois's shares, becoming its largest shareholder. The transfer is scheduled for July 9.
Future Industry plans to leverage this acquisition for growth and to diversify its business portfolio, aiming to secure future growth drivers through collaboration in technology development between the two companies.
In particular, Future Industry intends to integrate its semiconductor inspection technology and AI-based systems with Alois's next-generation media streaming devices and edge computing sectors to target the high-performance embedded market.
The company expects that this acquisition will not only enhance business diversification and financial stability but also resolve the management disputes that have hindered Alois's growth between its founder and current management.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.