An undisclosed buyer cancelled the acquisition of 3.5% stake in megaMD Co., Ltd. from Megastudy Co. Ltd..
November 12, 2016
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An undisclosed buyer agreed to acquired 3.5% stake in megaMD Co., Ltd. from Megastudy Co. Ltd. (KOSDAQ:A072870) for KRW 2.5 billion on November 13, 2015. Under the terms, MegaStudy will sell 0.71 million shares. Upon closing, MegaStudy will hold 49.95% stake represented by 10.1 million shares. As of December 9, 2015, the purchase price is amended to KRW 2.1 billion. The deal is expected to close by December 15, 2015.
An undisclosed buyer cancelled the acquisition of 3.5% stake in megaMD Co., Ltd. from Megastudy Co. Ltd. (KOSDAQ:A072870) on November 13, 2016.
MegaMD Co., Ltd. is a Korea-based company mainly engaged in the provision of educational services. The Company offers a range of educational programs, services and products including test preparation courses for medical education eligibility tests (MEETs), test preparation courses for dental education eligibility tests (DEETs), test preparation courses for pharmacy education eligibility tests (PEETs), test preparation courses for legal education eligibility tests (LEETs) and online education. The Company also wholesales teaching materials about above courses.
MEGAMD CO., LTD. 
