Dongbu World Co., Ltd. agreed to acquire DB Metal Co., Ltd. from DB HiTek CO., LTD., DB Inc., Dongbu Investment Co., Ltd. and Dongbu Stock Investment Co., Ltd. KRW 64.9 billion.
Dongbu World Co., Ltd. agreed to acquire DB Metal Co., Ltd. from DB HiTek CO., LTD. (KOSE:A000990), DB Inc. (KOSE:A012030), Dongbu Investment Co., Ltd. and Dongbu Stock Investment Co., Ltd. for KRW 64.9 billion on March 24, 2025. The consideration consists of 5.73 million common equity of Dongbu World Co., Ltd. to be issued for common equity of DB Metal Co., Ltd.
The expected completion of the transaction is July 1, 2025.
DB Inc. is a Korean company engaged in the provision of integrated information technology (IT) solutions. The Company provides IT outsourcing services, such as application operation services, infrastructure operation and integrated maintenance and repair services, disaster recovery and security services, business process outsourcing services and cloud services; system integration (SI) services for finance, public, manufacturing, construction and logistics; integrated data center (IDC), which ensures safe maintenance of clients’ IT assets and data with security control facility and security management systems, as well as IT convergence services, including intelligent building systems (IBSs) and intelligent transportation systems (ITSs). It also involves in consulting business, provides magnetic powder cores, and exports synthetic resins, steel products, metals, minerals and others.
Dongbu World Co., Ltd. agreed to acquire DB Metal Co., Ltd. from DB HiTek CO., LTD., DB Inc., Dongbu Investment Co., Ltd. and Dongbu Stock Investment Co., Ltd. KRW 64.9 billion.
