Shengqu Technology International (Pte.) Ltd agreed to acquire 7.4% stake in Eyedentity Games, Inc. from Actoz Soft Co.,Ltd. for KRW 10.9 billion.
April 31, 2020
Share
Shengqu Technology International (Pte.) Ltd agreed to acquire 7.4% stake in Eyedentity Games, Inc. from Actoz Soft Co.,Ltd. (KOSDAQ:A052790) for KRW 10.9 billion on March 16, 2020. Shengqu Technology International will acquire 192,560 shares. For the year ended December 31, 2019, Eyedentity Games had revenues of 59.32 billion and net income of KRW 24.25 billion. As at December 31, 2019, Eyedentity Games had total assets of KRW 66.37 billion. The transaction is expected to complete on March 31, 2020. As of April 1, 2020, the transaction is expected to complete within April 20, 2020.
ACTOZ SOFT CO.,LTD. is a Korea-based company engaged in the development, publishing and marketing of online game software. The Company provides online game software and mobile game software. The Companyâs products including action massively multiplayer online role-playing games (MMORPGs), heroism role-playing games, three dimension (3D) adventure role-playing games, casual games, shooting games and sports games, such as La Tale, LAZESKA, AquAqu, A3 and Dark Blood, among others. The Company distributes its game products within domestic market and to overseas markets, including China, Japan, Thailand, Singapore, India, Taiwan and others.