Korea Information Certificate Authority, Inc. completed the acquisition of 80.96% stake in DigitalZone CO., Ltd. from Sang-Won Shim, Jeong-Woo Jeon and 5 others.
May 30, 2024
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Korea Information Certificate Authority, Inc. (KOSDAQ:A053300) agreed to acquire 80.96% stake in DigitalZone CO., Ltd. from Sang-Won Shim, Jeong-Woo Jeon and 5 others for KRW 3.7 billion on August 2, 2023. Korea Information Certificate Authority, Inc. will acquire 2.42 million shares of DigitalZone CO., Ltd. DigitalZone CO., Ltd. reported Total assets worth KRW 13.6 million, Sales of KRW 9.8 billion and Total common equity of KRW 1.8 billion on December 31, 2022. Transaction is expected to complete on September 12, 2023. The merger ratio has been corrected 1:1.3099695 . The transaction is expected to close on May 1, 2024.
Korea Information Certificate Authority, Inc. (KOSDAQ:A053300) completed the acquisition of 80.96% stake in DigitalZone CO., Ltd. from Sang-Won Shim, Jeong-Woo Jeon and 5 others on May 1, 2024.
KOREA INFORMATION CERTIFICATE AUTHORITY, INC. is a licensed certification authority by the government in Korea. The Company provides certification services, including issue of certificate, suspension of certificate validity, recovery and annulment of certificate validity, identification check related to certificate services and others, electronic trading security services, as well as certification related additional services, including certification system solutions and consulting services, and certification service hosting services, among others. The Companyâs solutions consist of SignGATE certification server (CA), SignGATE registration authority (RA), SG easy Web security (EWS) and SG SecuKit, among others. It also involves in the provision of solution maintenance services, security system integration (SI) services and others. On May 19, 2014, the Company acquired remaining shares of Korea-based subsidiary to hold a 100% stake in the target company.
Korea Information Certificate Authority, Inc. completed the acquisition of 80.96% stake in DigitalZone CO., Ltd. from Sang-Won Shim, Jeong-Woo Jeon and 5 others.