GemVax&KAEL Co.,Ltd acquired additional 12.9% stake in Gemvaxlink Co., Ltd. for KRW 18 billion.
August 18, 2021
Share
GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) acquired additional 12.9% stake in Gemvaxlink Co., Ltd. (KOSDAQ:A064800) for KRW 18 billion on August 19, 2021. As part of the transaction, GemVax&KAEL acquired 10,791,628 shares in Gemvaxlink for KRW 1670 per share. The transaction was resolved by the Board of Gemvaxlink on August 19, 2021.
GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) completed the acquisition of an additional 12.9% stake in Gemvaxlink Co., Ltd. (KOSDAQ:A064800) on August 19, 2021.
PonyLink Co Ltd, formerly GemVaxLink Co Ltd, is a Korea-based company principally engaged in the clothing miscellaneous goods business. The Company operates its business through three segments. The Overseas Clothing and Miscellaneous Goods Wholesale and Retail segment is mainly engaged in the overseas clothing accessories wholesale and retail business. The Wireless Internet Solutions segment is mainly engaged in the e-commerce platform construction, messaging communication marketing, and mobile platform construction business. The Finance segment is mainly engaged in the provision of management consulting services.