Dragonfly GF Co., Ltd completed the acquisition of remaining 49% stake in Renofec Co, Ltd. from Hankyu Sung and Maenghwan Lee.
October 04, 2021
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Dragonfly GF Co., Ltd (KOSDAQ:A030350) agreed to acquire remaining 49% stake in Renofec Co, Ltd. from Hankyu Sung and Maenghwan Lee for KRW 7.4 billion on September 17, 2021. Dragonfly acquired 88,200 shares, representing 49% stake in Renofec Co. Prior to this acquisition, Dragonfly held 51% stake in Renofec Co. and upon completion, its ownership increased to 100%. The acquisition will be financed KRW 450 million from reserved funds and KRW 3 billion from convertible debts. The Renofec Co had total assets, total debt, total equity, sales and net income of KRW 10.94 billion, KRW 2.96 billion, KRW 7.98 billion, KRW 7.59 billion and KRW 2.01 billion, respectively, for the fiscal year ended 2020.
Dragonfly GF Co., Ltd (KOSDAQ:A030350) completed the acquisition of remaining 49% stake in Renofec Co, Ltd. from Hankyu Sung and Maenghwan Lee on October 5, 2021.
Dragonfly GF Co., Ltd. is a Korea-based company engaged in the development and distribution of game software. The Company develops and distributes online game and computer game software, including first-person shooter (FPS) games, massively multiplayer online role-playing games (MMORPGs), casual games and others, such as Special Force, Soldier of fortune online, Quake Wars online, KARMA and KARMA online, VAAN online, Kingdom under fire online, The tour of duty, Valpurgis night, Anpan man and Anpan man 2 and others. It also provides mobile games, such as Special force net, Special force defence, Speed scandal for Kakao and others. The Company provides online game services within domestic market and to overseas markets, including China, Japan, America, Taiwan, Thailand, Philippines, Vietnam, Europe and others. It also provides Internet-based advertising services.