Namsan Mulsan Co., Ltd. and X. Co., Ltd completed the acquisition of a 13.3% stake in MiraeING.Co.,Ltd..
November 05, 2021
Share
Namsan Mulsan Co., Ltd. and X. Co., Ltd signed contract to acquire 13.3% stake in MiraeING.Co.,Ltd. (KOSE:A007120) from NK Mulsan CO., LTD. (KOSE:A009810) for KRW 10 billion on September 3, 2021. As per the transaction, Namsan Mulsan Co., Ltd. will acquire 5,181,350 shares for KRW 3 billion and X. Co., Ltd will acquire 12,089,810 shares for KRW 6.99 billion. Namsan Mulsan and X. Co. has paid KRW 1 billion while remaining KRW 9 billion payable earlier than November 5, 2021. Playgram will hold 14,784,602 shares following completion. The Board of Directors has passed the resolution for the transaction. The transaction is expected to complete on November 05, 2021.
Namsan Mulsan Co., Ltd. and X. Co., Ltd completed the acquisition of a 13.3% stake in MiraeING.Co.,Ltd. (KOSE:A007120) on November 5, 2021.
PlayGram Co Ltd formerly NK Mulsan Co Ltd is a Korea-based company principally engaged in the provision of corporate integrated purchasing agency services. The Company operates its business through two segments. The Maintenance Repair Operations (MRO) segment is engaged in the supply of subsidiary materials, maintenance materials, packaging and logistics materials, as well as research materials for business site operation. The Video Content Business segment is engaged in the planning, production and distribution of broadcast programs and performances.