HJH Holdings Co., Ltd. and Aview Global Co., Ltd completed the acquisition of 16.15% stake in Barun Technology Co.,Ltd. from CentralBio Co., Ltd.
September 13, 2020
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HJH Holdings Co., Ltd. and Aview Global Co., Ltd. agreed to acquire 16.15% stake in Barun Technology Co.,Ltd. (KOSDAQ:A029480) from CentralBio Co., Ltd (KOSDAQ:A051980) for KRW 6 billion on August 14, 2020. Aview Global and HJH Holdings will purchase 6 million and 4 million shares, representing total as 16.15% stake in Barun Technology at KRW 600 per share. The consideration will be paid as, KRW 0.6 million as down payment until August 14, 2020, KRW 1.2 billion as intermediate payment until August 24, 2020 and the balance payment of KRW 4.2 billion until September 14, 2020. The Board of Directors of CentralBio resolved the transaction. The transaction is expected to close on September 14, 2020. Jung Hyeon Accounting Corporation acted as external evaluation agency in the deal.
HJH Holdings Co., Ltd. and Aview Global Co., Ltd completed the acquisition of 16.15% stake in Barun Technology Co.,Ltd. (KOSDAQ:A029480) from CentralBio Co., Ltd (KOSDAQ:A051980) September 14, 2020. As a part of the transaction the remaining 70% of the consideration that is KRW 4.2 billion was paid on September 14, 2020.
Kwangmu Co Ltd, formerly Lix Solution Co Ltd, is a Korea-based company mainly engaged in the provision of network and system integration services. The Company operates its business through five segments. The Network Business segment is engaged in system construction and development business such as service infrastructure design and customer-customized system development. The Maintenance Business segment provides network integrated maintenance services. The Information Technology Outsourcing (ITO) Business segment provides network equipment rental services. The Other Business segment provides 3D cinema systems and 3D camera systems and engages in real estate rental business. The Semiconductor Distribution segment distributes products related to memory semiconductors and provides smart solutions.