PAXNet, Inc. cancelled the transaction announced on January 17, 2020
July 23, 2020
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On July 24, 2020, PAXNet, Inc. (KOSDAQ:A038160) cancelled the transaction. The company withdrew the capital increase due to the internal judgment decision for reasons of uncertainty regarding whether to maintain the listing due to the litigation case, capital increase schedule, and actual examination.
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.