AJ Networks Co., Ltd. acquired remaining 44.9% stake in Ajpark.Co., Ltd from Medici Investment Co., Ltd. and Medici Small Medium Leading Company Fund.
August 27, 2020
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AJ Networks Co., Ltd. (KOSE:A095570) acquired remaining 44.9% stake in Ajpark.Co., Ltd from Medici Investment Co., Ltd. and Medici Small Medium Leading Company Fund for approximately KRW 67.4 billion on August 28, 2020. the consideration shall be paid in cash. As per the terms, AJ Networks Co., Ltd. shall acquire approximately 1.4 million shares from Medici Investment Co., Ltd. and approximately 0.1 million shares from Medici Small Medium Leading Company Fund. For the year ending December 31, 2019, total asset, net asset, revenue, net loss of Ajpark.Co., Ltd was respectively approximately KRW 260 billion, approximately KRW 31 billion, approximately KRW 136.9 billion and approximately KRW 36.3 billion. The board of AJ Networks Co., Ltd. has resolved the transaction on August 28, 2020.
AJ Networks Co., Ltd. (KOSE:A095570) completed the acquisition of remaining 44.9% stake in Ajpark.Co., Ltd from Medici Investment Co., Ltd. and Medici Small Medium Leading Company Fund on August 28, 2020.
AJ Networks Co.,Ltd. is a Korea-based company engaged in the provision of equipment rental services. The Company has two segments: holding segment, which manages its subsidiaries and affiliates and business segment, which engaged in the rental of pallets used for loading, unloading, transporting and keeping, information technology (IT) devices including desktop computers, laptop computers, printers, projectors and others and construction devices including aerial lift equipments, tower cranes and others.
AJ NETWORKS CO.,LTD. 
