Selvas AI Inc. completed the acquisition of 32% stake in MEDIANA Co.,Ltd from Gil Mun Jong.
January 07, 2024
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Selvas AI Inc. (KOSDAQ:A108860) agreed to acquire a 32% stake in MEDIANA Co.,Ltd (KOSDAQ:A041920) from Gil Mun Jong for KRW 73.22 billion on November 20, 2023. Following the transaction, Gil Mun Jong will hold 5.51% stake, representing 881,508 shares in MEDIANA. The company's management rights will be transferred by appointing directors and auditors designated by Selvas AI Co., Ltd. at an extraordinary general meeting of shareholders convened after signing the contract. The scheduled transaction closing date will be January 8, 2024, extraordinary shareholders' meeting date.
Selvas AI Inc. (KOSDAQ:A108860) completed the acquisition of 32% stake in MEDIANA Co.,Ltd (KOSDAQ:A041920) from Gil Mun Jong on January 8, 2024.
MEDIANA Co.,Ltd is a Korea-based company principally engaged in the manufacture and distribution of electrical medical equipment. The Company's products portfolio consists of monitors, defibrillators, ultrasound systems, fetal products, pulse oximeters, vital signs monitors, patient monitors, automated external defibrillators (AEDs), among others. In addition, it is involved in the distribution of products of Colin, including patient monitors, electrocardiograph (ECG) and others. The Company distributes its products within domestic market and to overseas markets.