Search results for share swap
Telecommunications & Media
SKT secures 100 percent stake in SKB, folds unit into wholly owned subsidiary
SK Telecom has folded SK Broadband into a wholly owned subsidiary after securing a 100 percent stake through a comprehensive share swap, a filing showed. SKT previously held 99.24 percent and acquired the remaining 3,039,090 common shares. Share buyback rights exercised by SKB shareholders amounted to 27,408 common shares worth 411,990,000 won, which were cancelled. SKT said it expects improved decision-making and a more efficient management system.
Games & Commerce
Kurly to acquire AI firm 1Z Labs to speed up AX
Kurly is acquiring artificial intelligence solutions company 1Z Labs through a small share swap to strengthen its AI-driven competitiveness, it said in a filing on Sunday. The swap ratio is 1 to 1.8437990, and Kurly will issue 453,518 new common shares. The exchange date is Aug. 4, after which 1Z Labs will become Kurly’s wholly owned subsidiary. Kurly is pursuing company-wide AX and has named 1Z Labs CEO Kwak Keun-bong to head its AX Center.
Crypto
Public companies step up Bitcoin buying as Trump family-backed American Bitcoin enters global top 15
Trump family-backed American Bitcoin (ABTC) lifted its total Bitcoin holdings to more than 7,500, ranking 15th globally among publicly traded companies. Strategy also added Bitcoin worth about $2.01 billion, extending a corporate accumulation trend even as Bitcoin prices were about 5 percent lower than the prior week. American Bitcoin shares fell 8 percent to a record low. Strategy said it funded purchases through its STRC perpetual preferred stock programme.
-
Crypto
Stablecoin land grab intensifies as banks and fintech form alliances
-
AI & Enterprise
Upstage steps up IPO push after Daum acquisition
-
AI & Enterprise
Upstage completes acquisition of AXZ, operator of Daum, to shift to AI portal
-
Crypto
Dunamu, Naver seek Naver Financial IPO after share swap, listing within up to 7 years
-
Crypto
Dunamu, Bithumb formalise IPO plans, differ on timing and approach
-
Crypto
Dunamu to pursue IPO immediately after Naver Financial merger completion
-
Games & Commerce
Naver delays Naver Financial, Dunamu share swap by three months to Sept. 30
-
Games & Commerce
Netmarble withdraws Netmarble Neo IPO to boost control and management efficiency
-
Crypto
Digital asset framework act may come this month as major shareholder stake cap remains key issue
-
Industry
E-Mart, Shinsegae Food to swap shares to resolve duplicate listing issue
-
Games & Commerce
Daum revives real-time search terms, restores four-color logo, overhauls home screen
-
Games & Commerce
Kakao, Upstage swap stakes in deal to build AI into Daum
-
Games & Commerce
AI strategy widens gap between Naver and Daum amid sale talk
-
Crypto
Korea Fair Trade Commission starts review of Naver and Dunamu merger filing