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
Filing: Report on Major Matters (Decision to Acquire Stocks and Investment Securities of Other Corporation)