Acquisitions11 Feb 2026, 07:05 pm
Acutaas Chemicals Ltd Subsidiary Acquires 75% Stake in Indichem Inc
AI Summary
Acutaas Chemicals Ltd's wholly owned subsidiary, Acutaas Advance Material Limited, has completed the acquisition of a 75% stake in Indichem Inc, a South Korean company in the semiconductor chemicals industry. This acquisition is in line with Acutaas' growth strategy, complementing its existing product portfolio. The transaction was completed through cash consideration via banking channels. Indichem Inc is a newly incorporated company in 2025, and the acquisition cost was 300,000 shares at a par value of KRW 500 plus share premium.
Key Highlights
- Acutaas Chemicals Ltd's subsidiary acquires 75% stake in Indichem Inc
- Transaction completed through cash consideration via banking channels
- Acquisition aligns with Acutaas' growth strategy in the semiconductor chemicals industry
- Indichem Inc is a newly incorporated South Korean company
- 300,000 shares acquired at a par value of KRW 500 plus share premium