HANBIT SOFT Inc. agreed to acquire an additional 3.06% stake in IMC Games Co., Ltd. from Union Global Contents Investment Fund, a fund managed by Union Investment Partners Co., Ltd., UNION Future VFX Fund, IBK Finance Group-Union Contents Investment Fund and IBKC - Solidus Bio Secondary Future Creation Investment Fund, a fund managed by SOLIDUS INVESTMENT Co.,LTD for KRW 2.7 billion.
May 15, 2020
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HANBIT SOFT Inc. (KOSDAQ:A047080) agreed to acquire an additional 3.06% stake in IMC Games Co., Ltd. from Union Global Contents Investment Fund, a fund managed by Union Investment Partners Co., Ltd., UNION Future VFX Fund, IBK Finance Group-Union Contents Investment Fund and IBKC - Solidus Bio Secondary Future Creation Investment Fund, a fund managed by SOLIDUS INVESTMENT Co.,LTD for KRW 2.7 billion on May 15, 2020. As per terms, HANBIT SOFT will acquire 3,388 shares and will increase its stake in IMC Games to 29.3%. In a transaction, Union Global Contents Investment Fund will sell 1,980 shares, UNION Future VFX Fund will sell 528 shares, IBK Finance Group-Union Contents Investment Fund will sell 440 shares and IBKC - Solidus Bio Secondary Future Creation Investment Fund will sell 440 shares. For the year ended December 31, 2019, IMC Games reported total assets of KRW 13.7 billion, net assets of KRW 5.7 billion, total sales of KRW 2.8 billion and net income of KRW 155 million.
HANBIT SOFT Inc. is a Korea-based company primarily engaged in the online game service business and character toys distribution business. The Company operates its business mainly through two divisions: online game division and character division. Its online game division provides online games, including The Heaven of Three Kingdoms, Akia, Mythos, Granado Espada, Hellgate, FCManager, Audition English and others through its portal site, www.hanbiton.com. Its character division engages in the distribution of character toys, such as blocks and robots. In addition, the Company provides online advertising services. The Company's affiliated companies are mainly engaged in the development of game software and provision of online game services. It distributes its products within domestic market and to overseas markets.
HANBIT SOFT Inc. agreed to acquire an additional 3.06% stake in IMC Games Co., Ltd. from Union Global Contents Investment Fund, a fund managed by Union Investment Partners Co., Ltd., UNION Future VFX Fund, IBK Finance Group-Union Contents Investment Fund and IBKC - Solidus Bio Secondary Future Creation Investment Fund, a fund managed by SOLIDUS INVESTMENT Co.,LTD for KRW 2.7 billion.