Seven Star Works Co., Ltd. cancelled the acquisition of 10% stake in BTC Korea.Com Co., Ltd.
February 26, 2018
Share
Seven Star Works Co., Ltd. (KOSDAQ:A121800) agreed to acquire 10% stake in BTC Korea.Com Co., Ltd. for KRW 2.4 billion in cash on February 27, 2017. Under the terms of the transaction, Star Works Co., Ltd. will acquire 1000 shares in BTC Korea. During the year ended December 31, 2016, BTC Korea.Com Co., Ltd. reported revenues of KRW 4.3 billion, total assets of KRW 16.3 billion, net assets of KRW 2.6 billion and net profit of KRW 2.5 billion. The scheduled date of sales is February 27, 2017.
Seven Star Works Co., Ltd. (KOSDAQ:A121800) cancelled the acquisition of 10% stake in BTC Korea.Com Co., Ltd. on February 27, 2018.
Vidente Co., Ltd., formerly Seven Star Works Co., Ltd., is a Korea-based company mainly engaged in the manufacturing and marketing of high definition (HD) video equipment for digital broadcast. The Companyâs products portfolio consists of viewfinder monitors, color critical liquid crystal display (LCD) monitors, multi-format monitors, quad-screen monitors, digital visual interface (DVI) and high definition multimedia interface (HDMI) monitors, rack monitors, organic light emitting diode (OLED) monitors, three dimensional (3D) monitors, wall monitors and others. The Company distributes its products within domestic market and to overseas markets, including Germany, Russia, India, Egypt and others. In addition, it engages in the real estate rental business.
VIDENTE CO., LTD. 
