Philosys Healthcare Co., Ltd acquired an additional 6.84% stake in Philosys Co., Ltd. from Mbro Co., Ltd., Sungmin Choi, Soohwa Jung and others for KRW 9.3 billion.
September 19, 2019
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Philosys Healthcare Co., Ltd (KOSDAQ:A057880) acquired an additional 6.84% stake in Philosys Co., Ltd. from Mbro Co., Ltd., Sungmin Choi, Soohwa Jung and others for KRW 9.3 billion on September 20, 2019. As per terms, Philosys Healthcare Co., Ltd acquired 1.86 million shares representing 5.89% stake from Mbro Co., Ltd., 0.16 million shares representing 0.49% stake from Sungmin Choi, 0.1 million shares representing 0.32% stake from Soohwa Jung and 0.05 million shares representing 0.14% stake from others. Philosys Healthcare Co., Ltd acquired shares at KRW 4,300 per share in cash. Post completion of the transaction, Philosys Healthcare Co., Ltd holds 7 million shares representing 22.25% stake in Philosys Co., Ltd. For the year ended December 31, 2018, Philosys Co., Ltd. reported total assets of KRW 70.3 billion, net assets of KRW 32.3 billion, total sales of KRW 30.8 billion and net profit of KRW 5.6 billion.
Philosys Healthcare Co., Ltd (KOSDAQ:A057880) completed the acquisition of an additional 6.84% stake in Philosys Co., Ltd. from Mbro Co., Ltd., Sungmin Choi, Soohwa Jung and others on September 20, 2019.
Green Pine Tree Co Ltd, formerly PHC Co Ltd, is a Korea-based company principally engaged in the wholesale and retail of medical supplies. The Company is principally engaged in the wholesale and retail of medical supplies such as corona virus disease 2019 (COVID-19) antigen diagnostic kits, rapid antigen diagnostic kits, specimen collection kits. The Company is engaged in the miscellaneous goods and clothing distribution business. In addition, the Company is engaged in the provision of senior care services such as day care center services and in-home care services. The Company is also engaged in the rental of real estate.