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AMT
News
June
9, 1999
Press Release
ACQUTEK
Semiconductor & Technology inducts Arirang
Funds
ACQUTEK Semiconductor & Technology is doing business in the area of semiconductor materials such as Leadframe, BGA substrate and plant engineering and also, BGA assembly machine, and they have grown 72% yearly from 1993 to 1997.
ACQUTEK Semiconductor & Technology had inducted 32billion Won on October 1998 and US 4.3million Dollars on March 1999. And they have been strongly processing construction reform in order to strengthen competitiveness.
The US based, State Street Bank & Trust Co. has been supervising Arirang Funds, and they highly estimated ACQUTEK Semiconductor & Technology's business status and growth potential therefore they decided to invest the Funds.
Arirang Funds which is allied with 25 financial companies in Korea, has been supporting the small and medium-sized enterprise which has future growth potential, however, is in short of funds temporarily. The funds is mostly provided to Exporting Companies and High Tech companies in Korea.
ACQUTEK Semiconductor & Technology will use the Funds for debt redemption and capital goods investment. AMT Capital of New York acted as the Company Financial Advisor.
For
further information please contact:
Steve
Wasserman or the team at AMT Capital at,
email: info@amtcap.com
phone:
1-800-519-0533 or 212-877-1588
website: www.amtcap.com
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