First Investment Advisors Co., Ltd, Ayin Partners Co., Ltd and DW Investment Co., Ltd cancelled the acquisition of 11.47% stake in NK Mulsan Co., Ltd. from Pobis TNC Co., Ltd..
June 10, 2018
Share
First Investment Advisors Co., Ltd, Ayin Partners Co., Ltd and DW Investment Co., Ltd signed a contract to acquire 11.47% stake in NK Mulsan Co., Ltd. (KOSE:A009810) from Pobis TNC Co., Ltd. (KOSDAQ:A016670) for KRW 7.3 billion on May 4, 2018. Under the terms, First Investment Advisors Co., Ltd, Ayin Partners Co., Ltd and DW Investment Co., Ltd will acquire 3.1 million shares each. The balance will be paid on May 18, 2018. As of May 18, 2018, the payment date was extended. As of May 21, 2018, the balance payment will be paid on June 1, 2018. As of June 4, 2018, the balance payment will be paid on June 11, 2018. Post completion of the transaction, Pobis TNC Co., Ltd. will continue to hold 5.4 million shares in NK Mulsan Co., Ltd. The transaction is expected to close on May 18, 2018. As per the amendment on May 18, 2018, the transaction is expected to close on June 1, 2018. As per the amendment on June 1, 2018, the transaction is expected to close on June 11, 2018.
First Investment Advisors Co., Ltd, Ayin Partners Co., Ltd and DW Investment Co., Ltd cancelled the acquisition of 11.47% stake in NK Mulsan Co., Ltd. (KOSE:A009810) from Pobis TNC Co., Ltd. (KOSDAQ:A016670) on June 11, 2018.
PlayGram Co Ltd formerly NK Mulsan Co Ltd is a Korea-based company principally engaged in the provision of corporate integrated purchasing agency services. The Company operates its business through two segments. The Maintenance Repair Operations (MRO) segment is engaged in the supply of subsidiary materials, maintenance materials, packaging and logistics materials, as well as research materials for business site operation. The Video Content Business segment is engaged in the planning, production and distribution of broadcast programs and performances.
First Investment Advisors Co., Ltd, Ayin Partners Co., Ltd and DW Investment Co., Ltd cancelled the acquisition of 11.47% stake in NK Mulsan Co., Ltd. from Pobis TNC Co., Ltd..