Feelingk Co., Ltd agreed to acquire 49% stake in Laprima for KRW 3.3 billion.
January 22, 2018
Share
Feelingk Co., Ltd (KOSDAQ:A064800) agreed to acquire 49% stake in Laprima for KRW 3.3 billion on January 22, 2018. Feelingk Co., Ltd will issue private convertible bond to acquire 0.01 million shares. In related transaction, Feelingk Co., Ltd agreed to acquire 51% stake in Laprima from GemVax Technology Co., Ltd. (KOSDAQ:A041590) for KRW 3.8 billion on January 22, 2018. Board of Directors of Feelingk made a resolution in favor of the transaction on January 22, 2018. The transaction is expected to close on January 22, 2018.
PonyLink Co Ltd, formerly GemVaxLink Co Ltd, is a Korea-based company principally engaged in the clothing miscellaneous goods business. The Company operates its business through three segments. The Overseas Clothing and Miscellaneous Goods Wholesale and Retail segment is mainly engaged in the overseas clothing accessories wholesale and retail business. The Wireless Internet Solutions segment is mainly engaged in the e-commerce platform construction, messaging communication marketing, and mobile platform construction business. The Finance segment is mainly engaged in the provision of management consulting services.