ESANG Networks Co., Ltd. cancelled the acquisition of E-MP Business from Metalc Co., Ltd.
November 16, 2017
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eSANG Networks Co., Ltd. (KOSDAQ:A080010) agreed to acquire E-MP Business from Metalc Co., Ltd. for KRW 400 million on November 17, 2016. As of December 31, 2015 E-MP Business reported total revenues of KRW 229 million and total assets of KRW 192 million. The transaction was resolved by Board of Directors of Metalc Co. on November 17, 2016. The transaction is expected to close by December 16, 2016.
eSANG Networks Co., Ltd. (KOSDAQ:A080010) cancelled the acquisition of E-MP Business from Metalc Co., Ltd. on November 17, 2017.
eSang Networks Co.,Ltd is a Korea-based company mainly engaged in the electronic commerce. Along with subsidiaries, the Company operates its business through three segments. The Service segment is engaged in electronic commerce, exhibition and information technology (IT) business. The Steel segment is engaged in the procurement, manufacturing and procurement of steel products. The Other segment is engaged in real estate leasing.