Dexter Studios Co.,Ltd. agreed to acquire 66.73% stake in Krema Co., Ltd. from Dongkook Healthcare Holdings, Son, Dong-jin and others for KRW 7.5 billion
September 12, 2021
Share
Dexter Studios Co.,Ltd. (KOSDAQ:A206560) agreed to acquire 66.73% stake in Krema Co., Ltd. from Dongkook Healthcare Holdings, Son, Dong-jin and others for KRW 7.5 billion on September 13, 2021. The consideration will be in cash and treasury stock. Down payment (10%, cash), Until the next day after contract is signed and Balance on September 23, 2021 as Cash payment or replacement of treasury stock. The transaction is financed from own funds and treasury stock. For the year 2020, Krema reported Total asset of KRW 14.588847 million, total debt of KRW 8.295005 million, total equity of KRW 6.293842 million and net income of KRW 1.234622 million. The transaction is expected to close on September 23, 2021.
Dexter studios Co., Ltd, formerly Dexter Co., Ltd, is a Korea-based company mainly engaged in the provision of visual effects (VFX) production services. The Company mainly offers VFX production services for film and television (TV) production market. The Company provides services for films including Mr. Go, The Pirates, Young Sherlock, The Taking Of Tiger Mountain, Death Duel, Last Love In Antarctica and others. The Company distributes its products within domestic market and to overseas markets including China and others.
Dexter Studios Co.,Ltd. agreed to acquire 66.73% stake in Krema Co., Ltd. from Dongkook Healthcare Holdings, Son, Dong-jin and others for KRW 7.5 billion