DigiCAP Co., Ltd. completed the acquisition of 62.72% stake in iCentric Co., Ltd from Kim MinyYong and Kim Jaemin.
June 24, 2024
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DigiCAP Co., Ltd. (KOSDAQ:A197140) agreed to acquire 62.72% stake in iCentric Co., Ltd from Kim MinyYong and Kim Jaemin for KRW 10.3 billion on May 29, 2024. The transaction will be financed from the reserved funds. iCentric reported net income of KRW 2.2 billion, sales of KRW 44.7 billion, total common equity of KRW 2.2 billion total debt of KRW 12.5 billion and total assets of KRW 14.7 billion for the current year. The transaction is expected to close on June 25, 2024.
DigiCAP Co., Ltd. (KOSDAQ:A197140) completed the acquisition of 62.72% stake in iCentric Co., Ltd from Kim MinyYong and Kim Jaemin on June 25, 2024.
DigiCAP Co., Ltd. is a Korea-based company mainly engaged in the provision of N-screen solutions and content security solutions. In addition, the Company is involved in the provision of broadcast service solutions, ultra high definition television (UHD) broadcast solutions, as well as the production and sale of broadcast service software. The N-screen solutions include video on demand (Vod) solution and mobile Internet protocol television (IPTV) solution. The content security solutions include conditional access systems (CASs), scrambler solution, digital rights management (DRM) and smart car security solution. The Company distributes its products within the domestic market and to overseas markets, including Netherlands.
DIGICAP CO., LTD. 
