ICTK to buy 56.75% stake in WithNetworks for KRW 11.4 billion

Bitget2026/09/30 09:14

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ICTK to acquire 715,080 shares in WithNetworks for KRW 11.398 billion, taking a 56.75% stake.
Deal expected to close on Oct. 1, 2026, funded entirely with internal cash.
Transaction runs alongside a KRW 2.262 billion third-party share issue for 150,000 new shares.
Combined purchases would lift ICTK’s ownership to 61.35% on a post-issue base of 1,410,000 shares.
Rationale centers on combining PUF and PQC hardware security with WithNetworks’ network products, security software, and infrastructure operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICTK Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20260930000681), on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ICTK to buy 56.75% stake in WithNetworks for KRW 11.4 billion

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