Game Freak Co., Ltd. announced that it has received KRW 400 million in funding from System and Application Technology Co., Ltd.
March 21, 2012 at 09:30 am IST
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Game Freak Co., Ltd. announced that it has raised KRW 400,000,000 in a round of funding from new investor System and Application Technology Co., Ltd. for a 29.63% stake on March 21, 2012. The company issued 80,000 shares at KRW 5,000 per share. In the year of 2011, the company had total assets of KRW 300,000,000 sales revenue of KRW 766,000,000 and net loss of KRW 696,000,000.
On March 21, 2012, Game Freak Co., Ltd. closed the transaction.
System and Application Technologies Co., Ltd. is a Korea-based company mainly engaged in the provision of industrial automation solutions together with its subsidiaries. The Company provides automation software and hardware, engineering services, software upgrade and maintenance services, system management services and consulting services. In addition, it produces control devices for communication equipment, such as code division multiple access (CDMA) repeaters, global system for mobile communication (GSM) repeaters, wideband CDMA (WCDMA) repeaters, wireless broadband (WiBro) repeaters, as well as phase noise detectors (PNDs), CDMA modules and others. It also involves in the building management and leasing business. On August 30, 2013, it acquired a 100% stake of Korea Traffic System Co., Ltd., a manufacturer of road meters.
SYSTEM AND APPLICATION TECHNOLOGIES CO., LTD 