Kolon will invest US$100 million to acquire an 80 percent stake in Ritdisplay, which will be turned into a new company by next April. Kolon Industries is a South Korean company, set up in 1957 and is involved in fiber, industrial materials and bioengineering.

Ritek currently holds over 70 percent of Ritdisplay's shares and will reduce its holdings to 20 percent.

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