Danal Co., Ltd. agreed to acquire a 35% stake in Manna Corporation from Swiss Co., Ltd., IBKS Job Creation Dream Fund managed by IBK Securities Co., Ltd., Anda El Dorado Professional Investment Private Equity Trust No. 1 and Strykers Sky No.1 Private Equity Joint Venture Company for KRW 35 billion.
July 20, 2021
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Danal Co., Ltd. (KOSDAQ:A064260) agreed to acquire a 35% stake in Manna Corporation from Swiss Co., Ltd., IBKS Job Creation Dream Fund managed by IBK Securities Co., Ltd., Anda El Dorado Professional Investment Private Equity Trust No. 1 and Strykers Sky No.1 Private Equity Joint Venture Company for KRW 35 billion on July 21, 2021. Danal will acquire 51,850 Manna Corporation shares. Manna Corporation reported total assets of KRW 36.3 billion, total debt of KRW 32.6 billion, total equity of KRW 3.8 billion, sales of KRW 3.02 billion and net loss of KRW 837 million in first quarter of 2021. Board of Danal resolved this transaction. This transaction is expected to close on July 27, 2021.
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. agreed to acquire a 35% stake in Manna Corporation from Swiss Co., Ltd., IBKS Job Creation Dream Fund managed by IBK Securities Co., Ltd., Anda El Dorado Professional Investment Private Equity Trust No. 1 and Strykers Sky No.1 Private Equity Joint Venture Company for KRW 35 billion.
DANAL CO., LTD. 