Moat PE to acquire 14% of Korean electronics supplier Exax for $16m

Moat PE to acquire 14% of Korean electronics supplier Exax for $16m

South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

Moat PE, a recently-established Korean private equity fund manager, is paying up to 19.8 billion won ($16 million) to acquire a 14 per cent stake in Kosdaq-listed electronics manufacturer Exax Inc, according to a filing.