Wooriro Optical Telecom Co., Ltd. cancelled the acquisition of 51.02% stake in mobileeco from Ubiquoss Inc.
December 30, 2015 at 09:30 am IST
Share
Wooriro Optical Telecom Co., Ltd. (KOSDAQ:A046970) agreed to acquire 51.02% stake in mobileeco from Ubiquoss Inc. (KOSDAQ:A078070) for KRW 1.2 billion on December 30, 2014. Wooriro Optical Telecom Co will acquire 10,416 shares of mobileeco in the deal. mobileeco had total assets of KRW 3.3 billion, total stockholders' equity of KRW 2.3 billion, sales of KRW 8.5 billion and net profit of KRW 1.1 billion for the period ending December 31, 2013. As on January 5, 2015, the transaction settlement date has been extended to January 30, 2015 from December 30, 2014. The transaction is expected to close on January 15, 2015.
Wooriro Optical Telecom Co., Ltd. (KOSDAQ:A046970) cancelled the acquisition of 51.02% stake in mobileeco from Ubiquoss Inc. (KOSDAQ:A078070) on December 30, 2015
WOORIRO CO., LTD, formerly WOORIRO OPTICAL TELECOM CO., LTD is a Korea-based company engaged in the manufacture of optical components for communication industry. The Company operates its business through two segments. The Optical Communication Business segment produces planar lightwave circuit (PLC) splitters including PLC wafers, PLC chips, PLC modules and others. The segment also manufactures photodiodes. The System Integration (SI) Business segment sells data storage devices.