HANBIT SOFT Inc. agreed to acquire an additional 3.1% stake in IMC Games Co., Ltd. from Union Global Contents Investment Fund and IBK Finance Group-Union Contents Investment Fund managed by Union Investment Partners Co., Ltd., UnionGl Mirae VFX Investment Association and Future Creation IBKC-Soliders Bio Secondary Investment Association for KRW 2.7 billion.
September 24, 2020
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HANBIT SOFT Inc. (KOSDAQ:A047080) agreed to acquire an additional 3.1% stake in IMC Games Co., Ltd. from Union Global Contents Investment Fund and IBK Finance Group-Union Contents Investment Fund managed by Union Investment Partners Co., Ltd., UnionGl Mirae VFX Investment Association and Future Creation IBKC-Soliders Bio Secondary Investment Association for KRW 2.7 billion on September 25, 2020. The consideration will be paid in cash. HANBIT SOFT will acquire 1,980 shares from Union Global Contents Investment Fund, 528 share from UnionGl Mirae VFX Investment Association and 440 shares from IBK Finance Group-Union Contents Investment Fund and Future Creation IBKC-Soliders Bio Secondary Investment Association. Post completion, HANBIT will hold 32.4% stake in IMC Games. IMC Games reported total assets of KRW 14.5 billion, total liabilities of KRW 8.1 billion, total equity of KRW 6.4 billion, capital of KRW 554 million, sales of KRW 6.8 billion and net income of KRW 905 million in 2019. On September 25, 2020, the Board of HANBIT SOFT has resolved this transaction. This transaction is expected to close on September 28, 2020.
HANBIT SOFT Inc. is a Korea-based company primarily engaged in the online game service business and character toys distribution business. The Company operates its business mainly through two divisions: online game division and character division. Its online game division provides online games, including The Heaven of Three Kingdoms, Akia, Mythos, Granado Espada, Hellgate, FCManager, Audition English and others through its portal site, www.hanbiton.com. Its character division engages in the distribution of character toys, such as blocks and robots. In addition, the Company provides online advertising services. The Company's affiliated companies are mainly engaged in the development of game software and provision of online game services. It distributes its products within domestic market and to overseas markets.
HANBIT SOFT Inc. agreed to acquire an additional 3.1% stake in IMC Games Co., Ltd. from Union Global Contents Investment Fund and IBK Finance Group-Union Contents Investment Fund managed by Union Investment Partners Co., Ltd., UnionGl Mirae VFX Investment Association and Future Creation IBKC-Soliders Bio Secondary Investment Association for KRW 2.7 billion.