J&Giant Spice Private Equity Partnership agreed to acquire SJ CORE CO.,LTD from Medifron DBT Co., Ltd. for KRW 22 billion.
November 29, 2020
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J&Giant Spice Private Equity Partnership agreed to acquire SJ CORE CO.,LTD from Medifron DBT Co., Ltd. (KOSDAQ:A065650) for KRW 22 billion on November 30, 2020. J&Giant Spice Private Equity Partnership will purchase 20000 shares of SJ CORE. J&Giant Spice Private Equity Partnership paid down payment of KRW 2.2 billion on November 30, 2020 and the balance will be paid on December 3, 2020. The transaction will be self funded. SJ CORE has total assets of KRW 6.5 billion, total equity of KRW 5.6 billion and net income of KRW 2.5 billion for the year end December 31, 2019. The Board of Directors resolved the transaction. The transaction is expected to close on December 3, 2020.
Hyper Corporation Inc, formerly Medifron DBT Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of information and communication devices. The Company operates through three segments. The Information and Communication Technology Business segment is engaged in the manufacture and sale of gaming mice, gaming monitors, televisions, routers, and gaming devices. The Home Meal Replacement segment is engaged in the manufacture and supply of convenient meals. The New Drug Business segment is engaged in the development and sales of Alzheimer's treatments, non-narcotic painkillers, and early diagnosis kits for dementia.
HYPER CORPORATION INC. 
