Aromasoft Corporation and Aroma POSTECH Renewable Energy Co., Ltd. acquired an 80% stake in Neodian Technology Co., Ltd. for KRW 5.1 billion.
December 11, 2013 at 09:30 am IST
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Aromasoft Corporation (KOSE:A072770) and Aroma POSTECH Renewable Energy Co., Ltd. acquired an 80% stake in Neodian Technology Co., Ltd. for KRW 5.1 billion on December 11, 2013. Aroma Postech Renewable Energy, Co., Ltd. acquired a 44% stake in Neodian Technology Co., Ltd. for KRW 2.8 billion while Aromasoft Corporation acquired a 36% stake in Neodian Technology Co., Ltd. for KRW 2.3 billion. In a related deal, Aromasoft Corporation (KOSE:A072770) agreed to acquire the remaining 28.57% stake in Aroma Postech Renewable Energy, Co., Ltd. for KRW 1.1 billion on December 11, 2013.
Aromasoft Corporation (KOSE:A072770) and Aroma POSTECH Renewable Energy Co., Ltd. completed the acquisition of an 80% stake in Neodian Technology Co., Ltd. on December 11, 2013.
Yulho Co., LTD., formerly Neodian Technology Co., LTD., is a Korea-based company engaged in the distribution of software. Along with its subsidiaries, the Company operates its business through two segments. The Computer Peripherals Distribution segment engages in the build of storage solutions and the sale of software. The Company operates business in the sale, build and maintenance of EMC solution and Dell software. The Software Development segment provides wireless internet platform development and labor services. The Company's products include mobile middleware platforms, industrial automation systems and others.
YULHO CO., LTD. 
