Kiwi Media Group Co., Ltd. completed the acquisition of 4.1% stake in DECO&E Co.,Ltd. from JP Advisors Co., Ltd., Fms Asset Co. Ltd, In-Kyun Jung and Jang-Ho Park for KRW 6 billion.
September 05, 2017
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Kiwi Media Group Co., Ltd. (KOSE:A012170) agreed to acquire 6.83% stake in DECO&E Co.,Ltd. (KOSDAQ:A017680) from JP Advisors Co., Ltd., Fms Asset Co. Ltd, In-Kyun Jung and Jang-Ho Park for KRW 10 billion on August 11, 2017. Under the terms of the transaction, Kiwi Media Group will acquire 5 million shares at KRW 2,000 per share. Out of total consideration, KRW 1 billion was paid on August 2, 2017 as deposit, KRW 3 billion will be paid on September 6, 2017, and remaining KRW 6 billion will be paid on September 21, 2017. Out of total shares, 2 million shares will be transferred on second payment date and 3 million shares on balance payment date. The transaction is expected to complete on September 21, 2017. Resolution date of board of directors is August 11, 2017. BDO Daejoo LLC acted as External Rating Institution in the transaction. As of September 6, 2017, Kiwi Media Group Co., Ltd. (KOSE:A012170) has acquired 3 million shares. Under the partial completion, JP Advisors Co., Ltd transferred 1.55 million shares, In-Kyun Jung transferred 0.72 million shares, Jang-Ho Park transferred 0.63 million shares and Jimong Co., Ltd. transferred 0.09 million shares.
Kiwi Media Group Co., Ltd. (KOSE:A012170) completed the acquisition of 4.1% stake in DECO&E Co.,Ltd. (KOSDAQ:A017680) from JP Advisors Co., Ltd., Fms Asset Co. Ltd, In-Kyun Jung and Jang-Ho Park for KRW 6 billion on September 6, 2017.
Ascendio Co Ltd, formerly Kiwi Media Group Co Ltd, is a Korea-based company principally engaged in the content business. The Company operates its business through six segments. The Film Business segment is engaged in film production, investment and distribution. The Drama Business segment is engaged in the production and investment of contents such as dramas and others. The Video Business segment is engaged in closed circuit television (CCTV) manufacturing and installation, and software development. The Management Business segment provides services such as artist management and others. The Performance Business segment is engaged in planning and producing performances such as musicals and others. The Other segment provides services such as advertisements and sponsorships, among others.
Kiwi Media Group Co., Ltd. completed the acquisition of 4.1% stake in DECO&E Co.,Ltd. from JP Advisors Co., Ltd., Fms Asset Co. Ltd, In-Kyun Jung and Jang-Ho Park for KRW 6 billion.
ASCENDIO CO., LTD. 
