AJ Networks Co., Ltd. cancelled the acquisition of acquire 77.55% stake in Linkable Inc. from AJ Rent A Car Co., Ltd..
January 01, 2020
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AJ Networks Co., Ltd. (KOSE:A095570) entered into a stock acquisition/sales contract to acquire 77.55% stake in Linkable Inc. from AJ Rent A Car Co., Ltd. (KOSE:A068400) for KRW 14.7 billion on January 2, 2019. The consideration shall be paid in cash. As per the terms, AJ Networks shall acquire 0.01 million shares of Linkable Inc. for KRW 1 million per share. The board of directors of AJ Networks resolved the transaction on January 2, 2019. The transaction closing is scheduled on January 3, 2019.
AJ Networks Co., Ltd. (KOSE:A095570) cancelled the acquisition of acquire 77.55% stake in Linkable Inc. from AJ Rent A Car Co., Ltd. (KOSE:A068400) on January 2, 2020.
AJ Networks Co.,Ltd. is a Korea-based company engaged in the provision of equipment rental services. The Company has two segments: holding segment, which manages its subsidiaries and affiliates and business segment, which engaged in the rental of pallets used for loading, unloading, transporting and keeping, information technology (IT) devices including desktop computers, laptop computers, printers, projectors and others and construction devices including aerial lift equipments, tower cranes and others.