Lodestone Startup Venture Specialized Private Equity Fund, AJU Good Private Equity Fund, AJU Overseas Expansion Fund, Korea Omega Investment Corp. and DSC Investment Inc. managed by DSC Follow-on Growth Ladder Fund and DSC Promising Service Sector Fund completed the acquisition of 27.9% stake in Point Mobile Co., Ltd. from Thunder Software Technology Co., Ltd..
January 09, 2018
Share
Lodestone Startup Venture Specialized Private Equity Fund, AJU Good Private Equity Fund, AJU Overseas Expansion Fund, Korea Omega Investment Corp. and DSC Investment Inc. (KOSDAQ:A241520) managed by DSC Follow-on Growth Ladder Fund and DSC Promising Service Sector Fund signed an agreement to acquire 27.9% stake in Point Mobile Co., Ltd. from Thunder Software Technology Co., Ltd. (SZSE:300496) for $9.1 million on December 26, 2017. Under the terms, Thunder Software Technology Co., Ltd. will transfer approximately 0.1 million shares and it is stipulated that Thunder Software Technology Co., Ltd. is to transfer 1,773 shares in Point Mobile Co., Ltd., another 5,319 shares are to be transferred on the same day. Payment will be done in one singly installment to be paid in cash.
Lodestone Startup Venture Specialized Private Equity Fund, AJU Good Private Equity Fund, AJU Overseas Expansion Fund, Korea Omega Investment Corp. and DSC Investment Inc. (KOSDAQ:A241520) managed by DSC Follow-on Growth Ladder Fund and DSC Promising Service Sector Fund completed the acquisition of 27.9% stake in Point Mobile Co., Ltd. from Thunder Software Technology Co., Ltd. (SZSE:300496) on January 10, 2018.
Point Mobile Co Ltd is a Korean-based company engaged in the development and manufacturing of industrial personal portable data assistants(PDAs). The Company's main products include portable data terminals(PDTs)and enterprise digital assistants(EDAs). PDTs are used for warehouse and logistics management, and EDAs are used within the store. The Company also manufactures and sells bluetooth scanners, radio frequency identification(RFID) readers and other PDA components. The Company sells its products in domestic and overseas markets such as the UK, Russia, the USA and Mexico.
Lodestone Startup Venture Specialized Private Equity Fund, AJU Good Private Equity Fund, AJU Overseas Expansion Fund, Korea Omega Investment Corp. and DSC Investment Inc. managed by DSC Follow-on Growth Ladder Fund and DSC Promising Service Sector Fund completed the acquisition of 27.9% stake in Point Mobile Co., Ltd. from Thunder Software Technology Co., Ltd..