DS Networks Co., Ltd. signed a memorandum of understanding to acquire 82.57% stake in Smarty Savings Bank from Dayou Plus Co., Ltd. (KOSE:A000300) and Dayou A-Tech Co.,Ltd (KOSE:A002880) for KRW 80 billion on September 11, 2017. Under the terms of the transaction, DS Networks Co., Ltd. will acquire approximately 1.39 million shares representing 41.04% stake from Dayou A-Tech Co.,Ltd and approximately 1.4 million shares representing 41.53% stake from Dayou Plus Co., Ltd. The execution guarantee deposit in relation to memorandum of understanding of KRW 8 billion will be deposited into the escrow account on September 12, 2017. Board of Directors resolved the transaction on September 11, 2017.
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5-day change | 1st Jan Change | ||
241 KRW | -0.41% | -.--% | +46.06% |
2023 | Dayou A-Tech Co.,Ltd completed the acquisition of 16.16% stake from Dayou Plus Co.,Ltd. | CI |
2023 | Dayou A-Tech Co.,Ltd agreed to acquire 16.16% stake from Dayou Plus Co.,Ltd for KRW8.7 billion. | CI |
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+53.58% | 12.71B | |
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- DS Networks Co., Ltd. signed a memorandum of understanding to acquire 82.57% stake in Smarty Savings Bank from Dayou Plus Co., Ltd. and Dayou A-Tech Co.,Ltd for KRW 80 billion.