Danal Co., Ltd. acquired a 22.9% stake in Flexpay Co., Ltd. for KRW 4.5 billion.
July 30, 2020
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Danal Co., Ltd. (KOSDAQ:A064260) acquired a 22.9% stake in Flexpay Co., Ltd. for KRW 4.5 billion on July 31, 2020. As part of the transaction, Danal Co., Ltd. acquired 63,847 shares in Flexpay Co., Ltd. In the year ended December 31, 2019 Flexpay Co., Ltd. reported total assets of KRW 5.9 billion and net income of KRW 0.77 billion. Board of directors of Danal Co., Ltd. resolved the transaction.
Danal Co., Ltd. (KOSDAQ:A064260) completed the acquisition of a 22.9% stake in Flexpay Co., Ltd. on July 31, 2020.
DANAL Co., Ltd. is a Korea-based company mainly engaged in the provision of online payment services. The Companyâs activities include commerce business, which provides online payment services for purchasing games, music, movies and other contents using mobile phones and fixed phones; game business, which engages in the publishing of online games; contents business, which provides entertainment contents, such as ringtones, ring back tones, celebrity pictures, celebrity blogs and mobile horoscopes, and wireless download services of multimedia contents. In addition, the Company engages in the Internet advertising business and travel business. The Companyâs stake in the PAN Entertainment Co., Ltd decreased to 0%.
DANAL CO., LTD. 
