[Edaily Reporter Shin Ha-yeon] #Korea Advanced Materials announced on the 4th that it has decided to acquire 640,000 shares of Live Connection, a concert planning and event production company, for 3.39968 billion won. This represents 26.08% of its equity and 18.44% of its total assets as of the end of last year.
Following the acquisition, Korea Advanced Materials will hold a 100% stake in Live Connection. The counterparty to the transaction is Satoshi Holdings, the largest shareholder, and the purchase price is scheduled to be paid in a lump sum on the 11th using the company’s own funds.
The company stated that the purpose of this acquisition is to "expand revenue and pursue new business ventures."
Following the acquisition, Korea Advanced Materials will hold a 100% stake in Live Connection. The counterparty to the transaction is Satoshi Holdings, the largest shareholder, and the purchase price is scheduled to be paid in a lump sum on the 11th using the company’s own funds.
The company stated that the purpose of this acquisition is to "expand revenue and pursue new business ventures."
