Monami Co., Ltd. completed the acquisition of remaining 7.52% stake in One Mate Co., Ltd. from Plamax Co., Ltd., Hangso Co., Ltd. and other shareholders.
December 10, 2012 at 11:00 pm EST
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Monami Co., Ltd. (KOSE:A005360) agreed to acquire remaining 7.52% stake in One Mate Co., Ltd. from Plamax Co., Ltd., Hangso Co., Ltd. and other shareholders for approximately KRW 680 million in stock on October 8, 2012. The merger agreement is expected to be signed on October 11, 2012. Monami will issue 4.418579 shares of its common stock for each share of One Mate. One Mate reported total assets of KRW 26 billion, total shareholders' equity of KRW 14.3 billion, sales revenue of KRW 51.5 billion, operating income of KRW 2.4 billion and net profit of KRW 864 million for the year ended December 31, 2011. Monami Co., Ltd. will be an existing company and One Mate Co. Ltd. will be dissolved. The transaction has been approved and resolved by the Board of Directors of Monami and One Mate respectively. The transaction is expected to close on December 11, 2012.
Monami Co., Ltd. (KOSE:A005360) completed the acquisition of remaining 7.52% stake in One Mate Co., Ltd. from Plamax Co., Ltd., Hangso Co., Ltd. and other shareholders on December 11, 2012.
MonAmi CO., LTD. is a Korea-based company mainly engaged in the provision of stationery products and printer supplies. The Company operates its business through three main divisions: stationery division, computer supplies division and other business division. Its stationery division is engaged in the manufacture and distribution of stationery products, such as ball pens, nib pens, marker pens, highlighters, mechanical pencils, art materials, erasers, correction pens, board cleaners, calculators and other related items. Its computer supplies division mainly provides printer supplies, such as inks, ink cartridges, toners and others. Its other business division engages in the franchise business, provision of printing and output services, and operation of special sale goods.
Monami Co., Ltd. completed the acquisition of remaining 7.52% stake in One Mate Co., Ltd. from Plamax Co., Ltd., Hangso Co., Ltd. and other shareholders.
MONAMI CO., LTD. 
