Daouincube, Inc. cancelled the acquisition of an additional 8.33% stake in Multibits Image Co., Ltd.
January 14, 2017
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Daouincube, Inc. (KOSE:A020120) agreed to acquire an additional 8.33% stake in Multibits Image Co., Ltd. for KRW 1.3 billion in cash on January 15, 2016. Under the transaction, Daouincube will acquire 0.03 million shares of Multibits and will own 0.13 million shares after completion. The transaction is expected to settle on January 15, 2016.
Daouincube, Inc. (KOSE:A020120) cancelled the acquisition of an additional 8.33% stake in Multibits Image Co., Ltd. on January 15, 2017.
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. 
