Daewon Media Co., Ltd. cancelled the acquisition of 20% stake in Bandai Korea Co., Ltd.
February 26, 2015 at 04:00 am
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Daewon Media Co., Ltd. (KOSDAQ:A048910) agreed to sell its 20% stake in Bandai Korea Co., Ltd. for KRW 6.6 billion on February 26, 2014. Daewon Media will sell its 0.06 million shares in Bandai Korea. The Board of Directors of Daewon Media Co., Ltd. resolved the transaction on February 26, 2014. The deal is expected to close by February 28, 2014.
Daewon Media Co., Ltd. (KOSDAQ:A048910) cancelled the acquisition of 20% stake in Bandai Korea Co., Ltd on February 26, 2015.
DAEWON MEDIA CO.,LTD. is a Korea-based company engaged in the animation business. It operates four business divisions. Its animation production division creates imports and distributes animations. Its character licensing and merchandising division provides toys, character goods, games and trading card games, as well as star collection cards. Its game division develops game software under the brand name of Nintendo, and online games, based on animation characters, including Crayon Shin-Chan, Slam Dunk, Power Rangers and others. Its digital contents distribution platform division provides digital contents such as comics, animations and games via its platform. Through its subsidiaries and affiliates, it involves in the animation broadcasting, game terminal and software distribution, and cartoon publishing. On February 28, 2014, it sold all its shares of Bandai Korea Co., Ltd., which is engaged in the design, manufacturing and sales of toys, play equipment and exercise equipment.
DAEWON MEDIA CO., LTD. 
