MOATECH CO.,LTD. is a Korea-based company engaged in the manufacture of electronic components. The Company mainly produces permanent magnet (PM) type stepping motors used in compact disk-read only memories (CD-ROMs) and digital versatile disks (DVDs) in personal computers, brushless direct current (BLDC) motors, lead screw type stepping motors for optical disc drives (ODDs), automotive motors and others used in electronic products, as well as autofocus devices used for cameras. The Company also distributes automotive fuels. As of December 31, 2011, the Company had eight affiliated companies. On May 31, 2012, Minebea Co., Ltd. acquired a 50.8% stake in the Company.