Hancom Inc. acquired additional 13.91% stake in Hancom MDS Inc. from Lindeman Asia Investment Co., Ltd for KRW 35 billion.
November 25, 2018
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Hancom Inc. (KOSDAQ:A030520) agreed to acquire additional 13.91% stake in Hancom MDS Inc. (KOSDAQ:A086960) from Lindeman Asia Investment Co., Ltd for KRW 35 billion on November 26, 2018. The consideration is paid in cash which will be settled on December 7, 2018. Under the terms, Hancom will acquire 1.23 million shares of Hancom MDS. Post-acquisition, Hancom MDS will hold 2.86 million shares (32.45%) in Hancom MDS. Consideration will funded by the use of own funds. The transaction has been resolved by the Board of Directors of Hancom Inc. at the meeting held on November 26, 2018.
Hancom Inc. (KOSDAQ:A030520) completed the acquisition of additional 13.91% stake in Hancom MDS Inc. (KOSDAQ:A086960) from Lindeman Asia Investment Co., Ltd on November 26, 2018.
Lindeman Asia Investment Corporation is a Korea-based company mainly engaged in the provision of investment finance. The Company is engaged in the formation, operation and management of private equity funds (PEFs). The Company invests in small and venture companies through investment of associations and funds. It is involved in the investment of entrepreneurs and venture companies, the formation of start-up investment associations and the execution of business, the overseas investment, and establishment and operation of business incubation center. The main investment targets of investment associations and private equity funds operated by the Company are foreign-owned companies, foreign corporations or foreign companies among medium-sized and venture companies. In addition, the Company invests in subsidiaries.
LINDEMAN ASIA INVESTMENT CORPORATION 
