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Core Information System Co Ltd &
Divine Capital Management Hong Kong Ltd
Update Date: 12/06/08
Date Announced: 11/26/08
Value (million $USD): 0.3 million U.S. Dollar
491.6 million Korean Won
Status: Completed
TRANSACTION DETAILS
Date Announced11/26/08
Date Originally Announced11/26/08
FormatAcq. Part. Int.Acquisition techniquesPrivately Negotiated Purc
AttitudeFriendlyAgencyn/a
Value0.3 million U.S. Dollar
491.6 million Korean Won
Advisor Feesn/a
SYNOPSIS
SOUTH KOREA - Divine Capital Management Hong Kong Ltd acquired a 5.04% stake, or 1.343 mil shares, in Core Information System Co Ltd, a computer solution services provider, for 366 Korean won ($0.249 US) per share, or a total value of 491.569 mil won ($0.334 mil), in a privately negotiated transaction.
TARGET
NameCore Information System Co Ltd (Korea OTC : 039990)
IndustriesPrepackaged Software; Computer related services,nec; Data processing services
CitySeoul
Staten/a
NationSouth Korea
Incorporated inn/a
Public StatusPublic
Business DescriptionCore Information System Co Ltd, located in Seoul, South Korea, provides computer solution services. The company's products and services encompass the provision of computer hardware including the core UNIX server product line and system software of IBM Korea, barcode readers and printers, system integration solution services such as program development, maintenance, consulting, and financial solutions services. It was founded in 1970.
AdvisorsNULL
Target Sales24.4 million U.S. Dollar
22.58 billion Korean Won
ACQUIROR
NameDivine Capital Management Hong Kong Ltd
Industriesn/a
Cityn/a
Staten/a
NationHong Kong
Incorporated inn/a
Public StatusPrivate
Business DescriptionDivine Capital Management Hong Kong Ltd is an investment company, headquartered in Hong Kong.
AdvisorsNULL
Acquiror Salesn/a
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