Ecorim Shop Co., Ltd. acquired 5.13% stake in Aroot Co., Ltd. from Jeongim Choi for KRW 2.5 billion.
September 10, 2020
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Ecorim Shop Co., Ltd. acquired 5.13% stake in Aroot Co., Ltd. (KOSDAQ:A096690) from Jeongim Choi for KRW 2.5 billion on September 11, 2020. As per terms, Ecorim Shop Co., Ltd. acquired 0.51 million shares at KRW 4,855 per share.
Ecorim Shop Co., Ltd. completed the acquisition of 5.13% stake in Aroot Co., Ltd. (KOSDAQ:A096690) from Jeongim Choi on September 11, 2020.
ARoot Co Ltd, formerly J Stephen Lab Ltd, is a Korea-based company engaged in the manufacturing and sale of mini printers. The Company operates its business through three main segments. The Mini Printer Business segment manufactures and sells point of sale (POS) printers, which are used for receipts output, tickets issuing and lotteries output in department stores, hotels and restaurants; label printers, which are used in plants and distribution centers; mobile printers used for parking management, delivery-related industrials and sticker output, as well as printer mechanisms, which are used for credit card terminals, parking systems, kiosk banking systems and POS systems. The Distribution Business segment sells products such as bags and watches. The Electric Equipment Business segment is engaged in the manufacturing of power supply apparatuses and power converters.
AROOT CO., LTD. 
