Solacia Corp. and Hansol Inticube Co., Ltd. completed the acquisition of 36.84% stake in NexG Co. Ltd. from Nuri Telecom Co. Ltd..
September 13, 2013 at 09:30 am IST
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Solacia Corp. (KOSE:A070300) and Hansol Inticube Co., Ltd. (KOSE:A070590) agreed to acquire 36.84% stake in NexG Co. Ltd. (KOSE:A081970) from Nuri Telecom Co. Ltd. (KOSE:A040160) on July 23, 2013. Solacia Corp. (KOSE:A070300) and Hansol Inticube Co., Ltd. (KOSE:A070590) signed the agreement to acquire 36.84% stake of NexG Co. Ltd. (KOSE:A081970) from Nuri Telecom Co. Ltd. (KOSE:A040160) for KRW 23.5 billion in cash on July 31, 2013. Solacia and Hansol Inticube will each acquire 1.06 million shares from Nuri Telecom. The Board of Directors passed the resolution on July 31, 2013. The transaction is expected to close on September 13, 2013. Woori Investment & Securities Co. Ltd. acted as financial advisor for Nuri Telecom Co. Ltd.
Solacia Corp. (KOSE:A070300) and Hansol Inticube Co., Ltd. (KOSE:A070590) completed the acquisition of 36.84% stake in NexG Co. Ltd. (KOSE:A081970) from Nuri Telecom Co. Ltd. (KOSE:A040160) on September 13, 2013.
XCure Corp, Ltd., formerly Hansol Secure Co Ltd, is a Korea-based company engaged in the development and provision of smartcards. The Company provides universal subscriber identity module (USIM) cards, including combination USIM cards used for transportation applets and mobile banking; contact USIM cards, which are subscriber modules executing a simple individual authentication function; near field communications (NFC) USIM cards, which make mobile payments by grazing the mobile phone near the payment terminals; giga USIM cards with high capacity memory, as well as banking cards, terminals and arcade game operation information display device (OIDD) cards. It also involves in the development of integrated circuit (IC) card issuing systems. The Company distributes its products within domestic market and to overseas markets.