Yujin Robot Co Ltd cancelled the agreement to acquire 50% stake in GAIA Corporation from Won-Seok Na and Dae-Il Kim.
November 15, 2016
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Yujin Robot Co Ltd (KOSDAQ:A056080) agreed to acquire 50% stake in GAIA Corporation from Won-Seok Na and Dae-Il Kim for KRW 3 billion in cash on November 16, 2015. Yujin Robot Co Ltd will acquire 20,001 existing shares and 20,000 new shares. Yujin Robot Co Ltd paid a deposit of KRW 750 million on November 16, 2015 and will pay the balance amount of KRW 2.25 billion on November 20, 2015. GAIA Corporation reported total assets of KRW 5.19 billion, total liabilities of KRW 3.65 billion, total capital of KRW 1.54 billion, capital of KRW 0.3 billion, revenues of KRW 10.73 billion and net profit of KRW 97 million in 2014. The Board of Directors passed a resolution for the transaction on November 16, 2015. The transaction is expected to complete on November 20, 2015.
Yujin Robot Co Ltd (KOSDAQ:A056080) cancelled the agreement to acquire 50% stake in GAIA Corporation from Won-Seok Na and Dae-Il Kim on November 16, 2016.
YujinRobot. Co., Ltd is a Korea-based company engaged in the manufacture of robots. The Companyâs products include iClebo robots, which are cleaning robots; iRobi robots, which are network-based service robots used in education, telecommunication, entertainment and security areas; Kobuki robots, which are mobile bases for open- source research and development purposes; Robhaz robots, which are remote control robots used in military and civilian areas, such as explosives removing, danger zones searching and scouting, survivor searching, patrolling, dangerous object detecting and removing; Transbot robots, which are entertainment robots, and industrial robots. It also distributes stuffed toys, plastic toys, functional toys and others. It also involves in the real estate renal business. The Company distributes its products within domestic market and to overseas markets.