Sejong Telecom, Inc. acquired an additional 25.43% stake in Onse Telecom Corporation from KOFC QCP IBKC Frontier Champ 2010- Private Equity Fund 2 of Q Capital Partners Co., Ltd. for KRW 34.9 billion.
March 17, 2014 at 12:00 am EDT
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Sejong Telecom, Inc. acquired an additional 25.43% stake in Onse Telecom Corporation (KOSDAQ:A036630) from KOFC QCP IBKC Frontier Champ 2010- Private Equity Fund 2 of Q Capital Partners Co., Ltd. for KRW 34.9 billion on March 10, 2014. Sejong Telecom, Inc. acquired 50.94 million shares of Onse Telecom and increased its stake to 51.59% from 26.16%.
Sejong Telecom, Inc. completed the acquisition of an additional 25.43% stake in Onse Telecom Corporation (KOSDAQ:A036630) from KOFC QCP IBKC Frontier Champ 2010- Private Equity Fund 2 of Q Capital Partners Co., Ltd. on March 10, 2014.
Q Capital Partners Co., Ltd. is a Korea-based company mainly engaged in the venture investment business and provision of financial related services. The Company is involved in the venture investment business, which provides the investment and financing services for new technology operators; corporate restructuring business, which provides the investment, acquisition and normalization of financially distressed companies; mergers and acquisitions (M&A), which provides strategy to motivate and promote business expansions, as well as investment fund business, which maintains operational stability of funds and manages investment risks. On March 17, 2014, the Company announced that it sold entire shares of Onse Telecom Corp.
Sejong Telecom, Inc. acquired an additional 25.43% stake in Onse Telecom Corporation from KOFC QCP IBKC Frontier Champ 2010- Private Equity Fund 2 of Q Capital Partners Co., Ltd. for KRW 34.9 billion.
Q CAPITAL PARTNERS CO., LTD. 