Daouincube, Inc. acquired an additional 42% stake in Barobook, Inc. for KRW 3.2 billion.
November 10, 2015 at 11:00 pm EST
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Daouincube, Inc. (KOSE:A020120) acquired an additional 42% stake in Barobook, Inc. for KRW 3.2 billion in cash on November 11, 2015. Daouincube acquired 83,291 shares an increased holding to 175,983 shares. For the financial year 2014, Barobook had total assets of KRW 2.34 billion, total shareholders' equity of KRW 1.54 billion, sales of KRW 5.08 billion and net income of KRW 410 million. The Board of Directors resolved on the transaction on November 11, 2015.
Daouincube, Inc. (KOSE:A020120) completed the acquisition of an additional 42% stake in Barobook, Inc. on November 11, 2015.
KidariStudio Inc, formerly Daouincube, is a Korea-based company engaged in the provision of technological solutions to publishing industry. It provides solutions for creating rich media contents deliverables for multi-channels including tablet personal computers, smart phones and other interactive electronic devices. It operates two business divisions. Its Quark division specializes in domestic operation and marketing for QuarkXPress products and Quark solutions, which are software used in desktop publishing (DTP) electronic publishing and editing sectors. Its E-Book division provides conversion solutions, which enables automatic conversion of original publication made by QuarkXPress to ePub files. On February 20, 2014, the Company sold its entire shares of Smartphy, a Korea-based company engaged in the manufacturing of semiconductor development.
KIDARISTUDIO, INC. 
