Silla SG Co., Ltd. (KOSDAQ:A025870) agreed to acquire Dongpyo Co., Ltd. for KRW 2.4 billion on January 26, 2016. Under the terms of the deal, 0.36 million shares will be acquired. According to the stock acquisition/sales contract, the deposit of 20% of the purchase price was paid on January 26, 2016 and balance will be paid on the scheduled acquisition date. As of October 31, 2015, Dongpyo Co., Ltd. reported total assets of KRW 5.5 billion and net liabilities of KRW 1 billion. The resolution date of Board of Directors of Silla SG Co., Ltd. is January 26, 2016. The scheduled acquisition date is February 1, 2016.
Silla SG Co., Ltd. (KOSDAQ:A025870) cancelled the acquisition of Dongpyo Co., Ltd. as of January 26, 2017.