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In Jul-07, iCash acquired a 52% interest in Neo Technologies (Neo Tech), a
Korean ATM manufacturer, for $3.8m. Korean management and local shareholders own
the remaining 48% of issued capital.
Since it was established in 1998, Neo Technologies has designed, manufactured
and sold over 10,000 ATMs, cash dispensers and related automation solutions to
major Korean financial institutions in such as Hanvit Bank, Hana Bank and the
Industrial Bank of Korea.
Click the link below to be directed to the iCash Korea website.
www.neotechnology.icashpayments.com.au
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