Fursys Inc. agreed to acquire FURSYS VN., LTD from Sidiz.Inc. for KRW 50 billion.
April 21, 2022
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Fursys Inc. (KOSE:A016800) agreed to acquire FURSYS VN., LTD from Sidiz.Inc. (KOSE:A134790) for KRW 50 billion on April 22, 2022. Transaction board resolution was made on April 22, 2022. The transaction completion date is May 6, 2022.
Sidiz, Inc., formerly Teems, INC., is a Korea-based company mainly engaged in the manufacture of furniture for educational use. The Company produces desks, bookcases, chairs, sofas, lecture desks, tables, cabinets, sinks, experiment benches, beds, storage closets and others. Its products are used for ordinary libraries, ubiquitous computing libraries, ordinary classrooms, dormitories, lecture rooms, laboratories, research rooms and others. It also involves in the furniture processing business. The Company distributes its products within domestic market and to overseas markets. On November 15, 2013, it announced that Sidiz, Inc and four related parties acquired a 4.07% stake of the Company. After the transaction, Sidiz, Inc and the four related parties had a combined 50.50% stake in the Company.
SIDIZ.INC. 
