Global Standard Technology Co., Ltd acquired 39.4% stake in Robocare Co., Ltd. for KRW 1.7 billion.
December 07, 2015 at 11:00 pm EST
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Global Standard Technology Co., Ltd (KOSDAQ:A083450) acquired 39.4% stake in Robocare Co., Ltd. for KRW 1.7 billion in cash on December 8, 2015. Global Standard Technology Co., Ltd. acquired 0.14 million shares. As of 2014, Robocare Co., Ltd had total assets of KRW 2.24 billion, total liabilities of KRW 1.09 billion, total capital of KRW 1.15 billion, sales amount of KRW 1.12 billion and net profit of KRW 49 million.
Global Standard Technology Co., Ltd (KOSDAQ:A083450) completed the acquisition of 39.4% stake in Robocare Co., Ltd. on December 8, 2015.
Global Standard Technology, Limited is a Korea-based company engaged in the manufacture of gas scrubber mainly used in semiconductor industry. The Company's product portfolio consists of burn wet scrubbers, thermal wet scrubbers, plasma scrubbers and others, which are used in the treatment of environmentally hazardous gases. It also provides chillers used for etching and chemical vapor deposition (CVD) fields, heat exchangers used for etching, CVD and liquid crystal display (LCD) fields, chemical circulators used for photo, light-emitting diode (LED) and other fields, as well as thermostats used for photo, etching, metal organic chemical vapor deposition (MOCVD) and gas bubbler fields. The Company distributes its products within domestic market and to overseas markets.
GLOBAL STANDARD TECHNOLOGY, LIMITED 
