Acquisition of 51% Stake in One Business Ltd. to Secure New Growth Engine, Expected to Enhance Corporate Value
Galaxia SM decided to acquire 51% (5,100 units) of One Business Ltd. for 10.73B KRW in cash, representing 14.85% of its equity.
The target operates lifelong education facilities, posting recent annual revenue of 12.95B KRW and net profit of 2.98B KRW. External appraisal by Ichon Accounting Corp. confirmed fairness.
Purpose: secure new growth engine and enhance asset value. Funded by own cash; no equity dilution for existing shareholders.
Note: target is not subject to external audit, so financial reliability requires caution. Transaction conditions may change.
[AI Summary]Galaxia SM acquires a high-growth education firm with cash, posing short-term cash burden but positive for long-term value. Despite lack of audit, low valuation (PER 3.6x) and high growth make it attractive.
KOSPI Filing Information
Report on Major Matters (Decision to Acquire Stocks and Investment Securities of Other Corporation)