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BRIEF-Orient Bio unit Orient Precision Industries to buy stake in Orient Electronics
December 8, 2016 / 8:58 AM / a year ago

BRIEF-Orient Bio unit Orient Precision Industries to buy stake in Orient Electronics

Dec 8 (Reuters) - Orient Bio Inc :

* Says its unit Orient Precision Industries Inc will buy 4.8 million shares of Orient Electronics. Inc, a semiconductor and communication firm, for development motivation

* Says transaction amount is 11.15 billion won

* Says its unit Orient Precision Industries Inc will hold 64.5 percent stake(5.4 million shares) in Orient Electronics. Inc, after the transaction

Source text in Korean: goo.gl/YwQbHF

Further company coverage: (Beijing Headline News)

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