Nissha Printing Co., Ltd. concluded a joint venture contract with S-MAC Co., Ltd. (hereinafter referred to "S-MAC") on April 26, 2013 to produce, in the Republic of Korea, touch panels using film capacitance touch sensors via a printing method. In connection of this move, Nissha Printing has decided to engage in the third-party allocation of shares of NS Tech Co., Ltd. (hereinafter referred to "NS Tech"), a company related to S-MAC. Please refer to the information below.Nissha Printing Co., Ltd. concluded a joint venture contract with S-MAC Co., Ltd. (hereinafter referred to "S-MAC") on April 26, 2013 to produce, in the Republic of Korea, touch panels using film capacitance touch sensors via a printing method. In connection of this move, Nissha Printing has decided to engage in the third-party allocation of shares of NS Tech Co., Ltd. (hereinafter referred to "NS Tech"), a company related to S-MAC. Please refer to the information below.
Objective of Starting the Joint Venture
The production of touch panels using film capacitance touch sensors via a printing method is an area that is expected to grow further. In this area, the expansion of the production capacities of Nissha Printing and S-MAC will be sought by combining the former's production technology related to film type touch sensor with the latter's sensor module production technology. This move will enable us to produce and market precision touch panels with high production efficiency, and expand our business opportunities in the global market.
About Underwriting Third-party Allocation of Shares
Number of underwriting of allocated shares
98,000 common shares
Amount paid
108,726 won per share
Total amount paid
10,655,148,000 won
Scheduled date of payment
Not fixed (pending the approval of the government of the Republic of Korea)
Proportions of capitalization after underwriting of share increase
S-MAC: 51%; Nissha Group: 49%
(Total number of issued shares after the third-party allocation of shares: 200,000)
Outline of NS Tech After the Allocation of Shares
Name
NS Tech Co., Ltd.
Location
Asan, Republic of Korea
Date of establishment
April 9, 2013
Title and name of representative
Representative Director: Lee Sung-Cheol
Description of business
Production of film capacitance touch sensors via printing method
Capital
1 billion won
Date of starting business
Scheduled for July 2013
Outline of S-MAC (as of December 31, 2012)
Name
S-MAC Co., LTD.
Location
Hwaseong-si, Gyeonggi-do, Republic of Korea
Date of establishment
November 18, 2004
Title and name of representative
Representative Director: Lee Sung-Cheol
Description of business
Manufacture of broadcasting and radio communication equipment
Nissha Co.,Ltd., is a Japan-based company mainly engaged in the planning, development, production and sale of industrial materials, devices, medical technology, information and communication and others. It operates through four business segments. Industrial Materials segment produces and sells decorative films, molds, molded product and metallized paper. Device segment is engaged in manufacture and sale of film touch sensors, gas sensors and input devices. Medical Technology segment is engaged in the production and sale of medical electrodes and surgical instruments for medical institutions, and the contract manufacturing for medical device manufacturers. Information Communication segment is involved in the planning, production and sale of products and services such as publication printing, commercial printing, art solutions, and sales promotions. It is also engaged in the business of green space management, industrial waste separation collection and transportation, and security.