Jong-Eun Byun and 5 others acquired 28.1% stake in Dream T Entertainment Co.,Ltd. from Wellmade Yedang Co., Ltd. for KRW 4.5 billion.
May 12, 2016
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Jong-Eun Byun and 5 others acquired 28.1% stake in Dream T Entertainment Co.,Ltd. from Wellmade Yedang Co., Ltd. (KOSDAQ:A036260) for KRW 4.5 billion in cash on May 12, 2016. Under the terms of the deal, 1.8 million shares will be sold at the price of KRW 2,500 per share. After the transaction, Wellmade Yedang will own 1 million shares in Dream T Entertainment. Jong-Eun Byun will increase holding to 2.43 million shares. The payment date will be May 12, 2016 and will be made through retained funds. Dream T Entertainment had total assets of KRW 17.84 billion, net assets of KRW 4.3 billion, sales of KRW 6.53 billion and net profit of KRW 546.24 million for the year ended December 31, 2015. The resolution date of Board of Directors of Wellmade Yedang is May 12, 2016. The scheduled date of sales is May 12, 2016. Barun Accounting Corporation acted as external rating institution name.
Jong-Eun Byun and 5 others completed the acquisition of 28.1% stake in Dream T Entertainment Co.,Ltd. from Wellmade Yedang Co., Ltd. (KOSDAQ:A036260) on May 12, 2016.
IMAGINE ASIA Co.,Ltd., formerly Wellmade YEDANG Co.,Ltd, is a Korea-based company mainly engaged in the entertainment business. The Company operates its business through management of artists, production of new contents, as well as production and investment of dramas, movies, music records and others. In addition, the Company is engaged in the global business, which focuses to globalize its artists' career and talents seek.