Brxa Co., Ltd. cancelled the acquisition of 32.19% stake in ES Cube Co., Ltd. from GF Financial Industry's No. 1 Corporation.
August 03, 2022
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Amber Capital Korea Co., Ltd. entered into a contract to acquire 32.19% stake in ES Cube Co., Ltd. (KOSDAQ:A050120) from GF Financial Industry's No. 1 Corporation for KRW 65 billion on March 13, 2022. As per the transaction, Amber Capital Korea Co., Ltd. will acquire 4,366,744 shares of ES Cube Co., Ltd. at KRW 14,885. On April 26, 2022, Amber Capital Korea Co., Ltd. has been replaced with new buyer Brxa Co., Ltd. Brxa Co., Ltd. signed agreement to acquire 32.19% stake in ES Cube Co., Ltd. from GF Financial Industry's No. 1 Corporation for KRW 65 billion on April 26, 2022. The transaction is expected to complete on June 29, 2022. As of June 27, 2022, The transaction is expected to complete on July 21, 2022. As per update on July 21, 2022, completion is planned on August 19, 2022.
Brxa Co., Ltd. cancelled the acquisition of 32.19% stake in ES Cube Co., Ltd. (KOSDAQ:A050120) from GF Financial Industry's No. 1 Corporation on August 3, 2022.
ES Cube Co Ltd, formerly Liveplex Co Ltd, is a Korea-based company principally engaged in the business of manufacturing leisure and functional tents. The Company operates its business through three segments. The Tent Business segment manufactures leisure and functional tents for travel, auto camp, family, shade, and mountain use. The Financial Business segment is engaged in savings banking. The Other Business segment is involved in the oil business as well as wholesale and retail business. The Company distributes its products within domestic market and to overseas markets including North America, Japan and others.