Hiparking Co. Ltd. signed a memorandum of understanding to acquire Ajpark.Co., Ltd from AJ Networks Co.,Ltd. for KRW 73.4 billion.
March 03, 2021
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Hiparking Co. Ltd. signed a memorandum of understanding to acquire Ajpark.Co., Ltd from AJ Networks Co.,Ltd. (KOSE:A095570) for KRW 61.6 billion on March 4, 2021. On May 7, 2021, Hiparking Co. Ltd. agreed to acquire Ajpark.Co., Ltd from AJ Networks Co.,Ltd. for KTW 73.4 billion. Hiparking paid a performance deposit of KRW 3 billion. After signing this transaction, sign a stock purchase contract within 9 weeks from the date of commencement of due diligence. As the exclusive preferred negotiation period under the Memorandum of Understanding expires on April 30, 2021, the parties extended the exclusive preferred negotiation period to May 7, 2021 for one week, as stipulated in the agreement. The expected date of disposal of June 30, 2021.
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. 
