Wisol announced Tuesday that it had acquired 8 million shares — a 100 percent stake — in affiliate NR Lab for cash.
The acquisition was valued at 18.896 billion won ($12.3 million), equivalent to 6.4 percent of the company's equity capital.
The company said the deal was aimed at securing Tx module technology and improving operational efficiency in its RF business.
jiyoon436@heraldcorp.com
