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IHQ Inc to Acquire Stake in Two Companies


Monday, 16 Sep 2013 10:44pm EDT 

IHQ Inc announced that it has decided to acquire 9,001 shares of CUBE ENTERTAINMENT Inc, a music producing company, for KRW 16,501,830,333, to create business synergy. After that, the Company will hold a 50.01% stake (9,001 shares) in CUBE ENTERTAINMENT Inc. The transaction settlement date is expected to be September 30, 2013. The Company also decided to acquire 370,000 shares of ASIA INVESTMENT Co.,Ltd., a venture capital investment company, for KRW 3 billion, to increase its stake to 52.86% (740,000 shares). This transaction is expected to be settled on September 27, 2013. 

Company Quote

2205.0
45.0 +2.08%
11:04pm EDT