UNI CHEM(011330) hit the daily upper price limit on the 6th after news that it acquired U.S. flexible electronics corporations Lumia Technologies.
According to the Korea Exchange (KRX) on the 6th, UNI CHEM is trading at 4,550 won, up 1,050 won (30%) from the previous session on the KOSPI.
UNI CHEM said the previous day it decided to acquire 100% equity in flexible electronics deep-tech corporations Lumia, headquartered in Brooklyn, New York. The acquisition price is 8.574 billion won, equivalent to 6.48% of its equity capital. It plans to acquire the stake through a combination of cash, treasury shares, and performance-based convertible bonds (CB).
Lumia is corporations that holds the original "LEL" technology, an ultra-thin electronic circuit structure that can embed electronic circuits inside leather or fabric. UNI CHEM plans to combine its own materials processing technology with Lumia's flexible electronics technology to expand its business into smart interior materials, tactile sensors for Humanoid Robot, and electronic skin.
Lumia also belongs to the robot tactile sensing consortium "HAND ERC," whose industry members include Meta and Amazon Robotics.