PAXNet, Inc. agreed to acquire Innoenc Co., Ltd. for KRW 2.7 billion.
February 09, 2021
Share
PAXNet, Inc. (KOSDAQ:A038160) agreed to acquire Innoenc Co., Ltd. for KRW 2.7 billion on February 10, 2021. Under the terms of the transaction, PAXNet, Inc. will acquire 10,000 shares in Innoenc Co., Ltd. The transaction is resolved by the Board of PAXNet, Inc. The transaction is expected to close on February 10, 2021.
PAXNet, Inc. is a Korea-based company primarily engaged in providing online financial solution. The Company operates its business through three segments. The Financial Solution segment provides risk management system and simulated investment system for investors. The Stock Information segment provides securities information through its online portal. The Advertising segment provides online advertising service.