Imagine Asia Co., Ltd. (KOSDAQ:A036260) agreed to acquire an additional 57.14% stake in Sewon Co., Ltd. (XKON:A234100) from Chungho ComNet Co., Ltd. (KOSE:A012600) for KRW 20 billion on May 24, 2017. Under the terms of the transaction, Imagine Asia Co., Ltd. will acquire an additional 0.16 million shares of Sewon Co., Ltd. Post-closing, Imagine Asia Co., Ltd. will hold 0.238 million shares, representing 85% stake in Sewon Co., Ltd. The Board of Directors of Imagine Asia Co., Ltd. resolved the deal on May 24, 2017.
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- Imagine Asia Co., Ltd. agreed to acquire an additional 57.14% stake in Sewon Co., Ltd. from Chungho ComNet Co., Ltd. for KRW 20 billion.