The Korea Information Certificate Authority, Incorporated cancelled the acquisition of Manny Joint Stock.
September 04, 2020
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The Korea Information Certificate Authority, Incorporated (KOSDAQ:A053300) agreed to acquire 25.29% stake in Manny Joint Stock (Vietnam) for KRW 4.8 billion on September 5, 2019. Under the terms, the buyer will acquire 0.9 million shares of Manny Joint Stock (Vietnam) and the consideration will be paid in cash. For the year ended December 31, 2018, Manny Joint Stock (Vietnam) reported total assets of KRW 1.1 billion, total capital of approximately KRW 800 million, sales of KRW 2.9 billion and net income of KRW 78 million.
The Korea Information Certificate Authority, Incorporated (KOSDAQ:A053300) cancelled the acquisition of Manny Joint Stock (Vietnam) on September 5, 2020.
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.