Service-In Co., Ltd completed the acquisition of 21.82% stake in PharmswellBio Co., Ltd. from Young-Jin Kwon, So-Young Kwon, Yoon-Tae Kwon, Soon-E Kim and Kyung-Sook Kwon.
July 03, 2013 at 12:00 am
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Service-In Co., Ltd signed a contract to acquire 21.82% stake in PharmswellBio Co., Ltd. (KOSE:A043090) from Young-Jin Kwon, So-Young Kwon, Yoon-Tae Kwon, Soon-E Kim and Kyung-Sook Kwon for KRW 14.8 billion on June 28, 2013. The purchase consideration includes payment of KRW 100 million on June 28, 2013, second payment of KRW 1.7 billion on July 31, 2013 and the balance of KRW 13 billion will be paid on first general meeting of stockholders after the contract signing date. 0.47 Million shares will be transferred on the payment of second payment and balance 3.62 million shares will be transferred upon the final payment.
Service-In Co., Ltd completed the acquisition of 21.82% stake in PharmswellBio Co., Ltd. (KOSE:A043090) from Young-Jin Kwon, So-Young Kwon, Yoon-Tae Kwon, Soon-E Kim and Kyung-Sook Kwon on July 3, 2013.
The Technology Co Ltd, formerly Exergy21 Co Ltd, is a Korea-based company mainly engaged in the distribution business. The Company manly operates its business through four segments. The Distribution Business segment engages in the food processors, luxury goods, healthy food, kitchen appliances and home shopping goods distribution business. The PM business segment provides consulting services for real estate development, licensing, and contractor selection. The Pharmaceutical segment engages in ethanol and disinfectant manufacture business. The Other segment provides business support services. The Company also engages in information technology (IT) services, artificial intelligence (AI) and drone based security solutions, as well as heat pump system provision business.
Service-In Co., Ltd completed the acquisition of 21.82% stake in PharmswellBio Co., Ltd. from Young-Jin Kwon, So-Young Kwon, Yoon-Tae Kwon, Soon-E Kim and Kyung-Sook Kwon.