Korea E-Commerce Holdings II, Inc. completed the acquisition of additional 2.42% stake in Connectwave Co., Ltd. for KRW 23.9 billion.
June 18, 2024
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Korea E-Commerce Holdings II, Inc. proposed to acquire an additional 13.02% stake in Connectwave Co., Ltd. (KOSDAQ:A119860) approximately KRW 130 billion on May 27, 2024. A cash consideration valued at KRW 18000 per share will be paid by Korea E-Commerce to acquire 7,130,032 shares.
Korea E-Commerce Holdings II, Inc. completed the acquisition of additional 2.42% stake in Connectwave Co., Ltd. (KOSDAQ:A119860) for KRW 23.9 billion on June 17, 2024.
ConnectWave Co Ltd, formerly DANAWA Co., Ltd, is a Korea-based company mainly engaged in the operation of online price comparison Websites. The Company operates its business through two segments. The Danawa Business segment is engaged in the provision of affiliated shopping, advertising and information services. It is also engaged in the wholesale of computer peripheral products such as cases, power supplies and others. The DPGZone Business segment is engaged in the development of online sports platforms and others.
CONNECTWAVE CO., LTD. 
