Inzi Soft Co.,Ltd. cancelled the acquisition of Fairwindsoft Co., Ltd. from MobileLeader Co., Ltd. and others.
November 08, 2016
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Inzi Soft Co.,Ltd. agreed to acquire Fairwindsoft Co., Ltd. from MobileLeader Co., Ltd. (KOSDAQ:A100030) and others on November 9, 2015. The merger ratio between Inzi Soft and Fairwindsoft Co., Ltd. would be 1:0.4336975. Inzi Soft will issue approximately 1.73 million new shares for the merger. Following the transaction, Inzi Soft will survive and Fairwindsoft Co., Ltd. will be dissolved. Fairwindsoft Co., Ltd. had total assets of KRW 2.7 billion, sales of KRW 1.99 billion and net profit of CNY 62 million for the period ending December 31, 2014. A resolution was passed by the Board of Directors of MobileLeader Co., Ltd. The merger effective date is expected to be December 31, 2015 and the registered date is expected to be January 5, 2016. The expected date of general meeting of stockholders is November 24, 2015, the merger date is December 31, 2015 and merger registration date is January 5, 2016.
Inzi Soft Co.,Ltd. cancelled the acquisition of Fairwindsoft Co., Ltd. from MobileLeader Co., Ltd. (KOSDAQ:A100030) and others on November 9, 2016.
InziSoft Co Ltd, formerly Mobileleader Co Ltd, is a Korea-based company engaged in the development of software for mobile solutions. The Company provides synchronization solutions used for synchronizing personal data such as phone numbers, schedules and memos, as well as multimedia data such as photos, music and videos between mobile devices and personal computers (PCs). The Company also provides multimedia solutions, such as Multimedia Manager, Multimedia Player, Music Manager, Movie Maker and others.