Iloom Co. Ltd. acquired a 40.58% stake in Teems, Inc. from SIDIZ, INC.
April 10, 2017
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Iloom Co. Ltd. acquired a 40.58% stake in Teems, Inc. (KOSE:A134790) from SIDIZ, INC on April 11, 2017. Under the terms, Iloom Co. Ltd. acquired 0.81 million shares using self-financed funds. After completion of the transaction, SIDIZ, INC holds nil stake in Teems, Inc.
Iloom Co. Ltd. completed the acquisition of a 40.58% stake in Teems, Inc. (KOSE:A134790) from SIDIZ, INC on April 11, 2017.
Sidiz, Inc., formerly Teems, INC., is a Korea-based company mainly engaged in the manufacture of furniture for educational use. The Company produces desks, bookcases, chairs, sofas, lecture desks, tables, cabinets, sinks, experiment benches, beds, storage closets and others. Its products are used for ordinary libraries, ubiquitous computing libraries, ordinary classrooms, dormitories, lecture rooms, laboratories, research rooms and others. It also involves in the furniture processing business. The Company distributes its products within domestic market and to overseas markets. On November 15, 2013, it announced that Sidiz, Inc and four related parties acquired a 4.07% stake of the Company. After the transaction, Sidiz, Inc and the four related parties had a combined 50.50% stake in the Company.
SIDIZ.INC. 
