KCS Trading Co., Ltd. and Meister Private Equity cancelled the acquisition of 24.9% stake in Infraware, Inc. from Selvas AI Inc. and Young Kwak.
KCS Trading Co., Ltd. and Meister Private Equity cancelled the acquisition of 24.9% stake in Infraware, Inc. (KOSDAQ:A041020) from Selvas AI Inc. (KOSDAQ:A108860) and Young Kwak on January 17, 2020. The agreement was terminated because KCS Trading Co., Ltd. and Meister Private Equity were unable to pay the consideration.