KG Logis Co., Ltd. completed the acquisition of distribution segment from KGinicis Co., Ltd..
June 01, 2015 at 09:30 am IST
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KG Logis Co., Ltd. agreed to acquire distribution segment from KGinicis Co., Ltd. (KOSDAQ:A035600) for KRW 15.5 billion on April 17, 2015. The Board of Directors of KG Chemical Corporation, parent of KG Logis resolved the disposal on April 17, 2015. The general meeting of stockholders is May 29, 2015. Shareholders of KGinicis Co., Ltd. approved the transaction on May 29, 2015. The disposal is expected to be completed on June 1, 2015. The payment date for the stock acquisition is July 18, 2015. Jung Hyeon Accounting Corporation acted as external evaluation company.
KG Logis Co., Ltd. completed the acquisition of distribution segment from KGinicis Co., Ltd. (KOSDAQ:A035600) on June 1, 2015.
KGINICIS CO.,LTD is a Korea-based company engaged in the provision of online payment gateway (PG) services. The Company provides secure PG solutions through cryptographic authentication, data protection and electronic signature technologies. The Company provides payment services under the brand name of INIpay. The Company offers a comprehensive line of payment services through credit cards, debt cards, purchasing cards, electronic fund transfer processing, gift cards, loyalty cards, stored value cards, point-of-sale equipment, merchant accounting and others. It has partnerships with online shopping malls, telecommunication carriers, public institutions and others.