DigiCAP Co., Ltd. completed the acquisition of Dasan Electron Co., Ltd. from Dasan TS Holdings Co., Ltd.
July 01, 2019
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DigiCAP Co., Ltd. (KOSDAQ:A197140) agreed to acquire Dasan Electron Co., Ltd. from Dasan TS Holdings Co., Ltd. for KRW 11.3 billion on June 14, 2019. As per terms, 1.6 million shares will be acquired for cash. The consideration comprises a down payment of KRW 5.3 billion on June 14, 2019 and balance KRW 6 billion on July 2, 2019. KRW 5.3 billion will be funded from internal resources while the balance from issuance of convertible bonds. For the year ended December 31, 2018, Dasan Electron Co., Ltd. reported total assets of KRW 7.8 billion, net assets of KRW 7.1 billion, revenues of KRW 9 billion and net income of KRW 1.5 billion. The Board of Directors of DigiCAP Co., Ltd. resolved the deal on June 14, 2019. The deal is expected to close on July 2, 2019.
DigiCAP Co., Ltd. (KOSDAQ:A197140) completed the acquisition of Dasan Electron Co., Ltd. from Dasan TS Holdings Co., Ltd. on July 2, 2019. Gaeul Accounting Firm acted as the External Evaluation Body.
DigiCAP Co., Ltd. is a Korea-based company mainly engaged in the provision of N-screen solutions and content security solutions. In addition, the Company is involved in the provision of broadcast service solutions, ultra high definition television (UHD) broadcast solutions, as well as the production and sale of broadcast service software. The N-screen solutions include video on demand (Vod) solution and mobile Internet protocol television (IPTV) solution. The content security solutions include conditional access systems (CASs), scrambler solution, digital rights management (DRM) and smart car security solution. The Company distributes its products within the domestic market and to overseas markets, including Netherlands.
DIGICAP CO., LTD. 