YBM Sisa.com, Inc. cancelled the acquisition of Moonatuna Co., Ltd.
March 28, 2017
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YBM Sisa.com, Inc. (KOSDAQ:A057030) agreed to acquire Moonatuna Co., Ltd. for KRW 650 million on February 29, 2016. Under the terms of the deal, 1000 shares of Moonatuna Co. will be acquired. The resolution date of Board of Directors of YBM Sisa.com is February 29, 2016. The scheduled acquisition date is March 2, 2016.
YBM Sisa.com, Inc. (KOSDAQ:A057030) cancelled the acquisition of Moonatuna Co., Ltd. on March 1, 2017.
YBM NET, Inc., formerly YBMSisa.com, Inc. is a Korea-based company mainly engaged in the provision of online educational services. The Company operates online education business, which provides online foreign language courses through its own Websites; online test business, which provides online test services, such as Microsoft Office specialist (MOS) online test, and involves in online application receipt agency business for test of English for international communication (TOEIC) and Japanese proficiency test (JPT). The Company also operates contents providing business, which sells digital learning contents to portal sites and mobile phone application markets; offline junior education business, which operates English franchise institutions, as well as teacher in-service training business, school credit bank business, error checking and correcting (ECC) business and others. The Company is also involved in real estate rental business.