Media Pop Co., Ltd. and Yuun Holdings Co., Ltd. completed the acquisition of 6.66% stake in H&B Design Co.,Ltd. from Salutaris 1 Fund.
June 10, 2024
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Media Pop Co., Ltd. and Yuun Holdings Co., Ltd. agreed to acquire 6.66% stake in H&B Design Co.,Ltd. (KOSDAQ:A227100) from Salutaris 1 Fund for KRW 12 billion on July 29, 2022. Under the terms of the transaction, Media Pop Co., Ltd. will acquire 543,230 shares and Yuun Holdings Co. will acquire 174,646 shares in H&B Design Co.,Ltd. for KRW 16,716 per share. Upon completion, Salutaris 1 Fund will own 2.5% stake in H&B Design Co.,Ltd. Second transfer fee of total KRW 2 billion to be paid on October 31, 2023. The transaction is expected to close on December 31, 2022. The transaction is expected to complete on January 31, 2024. The transaction is now expected to complete on February 29, 2024. Transaction is expected to Complete on June 8, 2024.
Media Pop Co., Ltd. and Yuun Holdings Co., Ltd. completed the acquisition of 6.66% stake in H&B Design Co.,Ltd. (KOSDAQ:A227100) from Salutaris 1 Fund on June 11, 2024.
Quantumon Co Ltd, formerly H&B Design Co Ltd, is a Korea-based company principally engaged in the battery manufacturing business. The Company is principally engaged in the manufacture and sale of mobility charging stations, cell phone auxiliary batteries and others. The Company is engaged in the manufacture and sale of mobile accessories, small home appliances and household necessities. The Company is also engaged in the real estate sales agency and real estate leasing business. In addition, the Company is engaged in the advertising agency.