THE MEDIPHARM CO.,Ltd. cancelled the acquisition of 17.19% stake in INFOMARK Co., Ltd from THE MEDIPHARM CO.,Ltd..
January 18, 2024
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THE MEDIPHARM CO.,Ltd. (KOSE:A118000) agreed to acquire 17.19% stake in INFOMARK Co., Ltd (KOSDAQ:A175140) from THE MEDIPHARM CO.,Ltd. (KOSE:A118000) for KRW 22 billion on July 4, 2023. As of July 17, 2023 THE MEDIPHARM CO.,Ltd. (KOSE:A118000) board approved the transaction. Transaction is expected to close on July 17, 2023. Transaction is expected to close on August 18, 2023. As of September 20, 2023 Transaction is expected to close on October 26, 2023. As of October 26, 2023 Transaction is expected to close on November 17, 2023. As on November 17, 2023, the transaction is expected to close on January 19, 2024.
THE MEDIPHARM CO.,Ltd. (KOSE:A118000) cancelled the acquisition of 17.19% stake in INFOMARK Co., Ltd (KOSDAQ:A175140) from THE MEDIPHARM CO.,Ltd. (KOSE:A118000) on January 19, 2024.
Human Technology Co Ltd, formerly InfoMark Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of communication devices. The Company is principally engaged in the manufacture and sale of communication devices such as artificial intelligence (AI) speakers, wearable terminals, mobile routers and others. In addition, the Company is engaged in the broadcast production businesses.