EMP Lab Co.,Ltd signed a contract to acquire 17.95% stake in NK Mulsan Co., Ltd. from POBIS TNC CO., Ltd for KRW 11.7 billion.
November 13, 2018
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EMP Lab Co.,Ltd signed a contract to acquire 17.95% stake in NK Mulsan Co., Ltd. (KOSE:A009810) from POBIS TNC CO., Ltd (KOSDAQ:A016670) for KRW 11.7 billion on November 14, 2018. Under the terms of transaction, EMP Lab Co.,Ltd will acquire 14.6 million shares at KRW 800 each. A deposit of KRW 1 billion will be made on contract signing date and balance of KRW 10.7 billion will be paid on January 22, 2019. As on January 22, 2019, balance of KRW 10.7 billion will be paid on February 1, 2019. Post-acquisition, POBIS TNC will not hold any shares in NK Mulsan.
The transaction has been resolved by the Board of Directors of NK Mulsan and POBIS TNC CO., Ltd at the meeting held on November 14, 2018. The transaction is expected to be completed by January 22, 2019. As on January 22, 2019, the transaction is expected to be completed by February 1, 2019. Samdo Accounting Corporation acted as external rating institution in the transaction.
PlayGram Co Ltd formerly NK Mulsan Co Ltd is a Korea-based company principally engaged in the provision of corporate integrated purchasing agency services. The Company operates its business through two segments. The Maintenance Repair Operations (MRO) segment is engaged in the supply of subsidiary materials, maintenance materials, packaging and logistics materials, as well as research materials for business site operation. The Video Content Business segment is engaged in the planning, production and distribution of broadcast programs and performances.
PLAYGRAM CO., LTD. 