CJ 4DPLEX Co., Ltd completed the acquisition of Simuline Inc. from CJ CGV Co., Ltd. and others.
December 30, 2016
Share
CJ 4DPLEX Co., Ltd agreed to acquire Simuline Inc. from CJ CGV Co., Ltd. (KOSE:A079160) and others on September 7, 2016. Under the terms, for every 30.74 shares of Simuline Inc., one share of CJ 4DPLEX will be issued. The total number of shares issued as consideration are 29.2 million. As per the terms, CJ CGV Co., Ltd. will sell 79.13% stake in Simuline. The Board of CJ 4DPLEX Co., Ltd has passed a resolution for the transaction. Shareholders meeting of CJ 4DPLEX Co.,Ltd is scheduled on October 27, 2016. The deal is expected to close on December 1, 2016.
CJ 4DPLEX Co., Ltd completed the acquisition of Simuline Inc. from CJ CGV Co., Ltd. (KOSE:A079160) and others on December 1, 2016. As consideration, 23.1 million shares were issued to CJ CGV Co., Ltd. and 6.09 million shares were issued to the other sellers.
CJ CGV Co Ltd is a Korea-based company mainly engaged in the operation of the movie theaters. The Company operates theaters to provide entertainment platform linked to shopping, dining and entertainment. Movie theaters include general movie theaters, as well as format theaters such as CINE de CHEF, Gold Class, 4DX, image max (IMAX) theaters. The Company is engaged in the sale of tickets, screen advertisements, equipment, as well as the operation of snack bars. In addition, the Company is involved of the consignment operation of the sites. The Company operates movie theaters within the domestic market and to overseas markets, including China, Turkey, Vietnam, Indonesia, Myanmar and America.