Dayou AP Co.,Ltd. (KOSDAQ:A290120) agreed to acquire 42% stake in Shinki Intermobile Co.,Ltd. from Shinki for KRW 18 billion on June 3, 2022. As per the transaction, Dayou AP Co.,Ltd. will acquire 273,000 shares of Shinki Intermobile Co.,Ltd. As on December 31, 2021, Shinki Intermobile Co.,Ltd. generated total assets of KRW 131.4 billion, total debt of KRW 83.4 billion and net income of KRW 7.6 billion. The transaction is expected to complete on July 28, 2022.

Dayou AP Co.,Ltd. (KOSDAQ:A290120) completed the acquisition of 42% stake in Shinki Intermobile Co.,Ltd. from Shinki on July 6, 2022.