Aroot Co., Ltd. agreed to acquire additional 32.6% stake in Woojin Holdings Co., Ltd. for KRW 10 billion.
September 29, 2021
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Aroot Co., Ltd. (KOSDAQ:A096690) agreed to acquire additional 32.6% stake in Woojin Holdings Co., Ltd. for KRW 10 billion on September 30, 2021. Post completion, Aroot will own 62.7% stake in Woojin. As at September 30, 2021, Woojin had total assets of KRW 232 billion. Expected date of acquisition is September 30, 2021.
ARoot Co Ltd, formerly J Stephen Lab Ltd, is a Korea-based company engaged in the manufacturing and sale of mini printers. The Company operates its business through three main segments. The Mini Printer Business segment manufactures and sells point of sale (POS) printers, which are used for receipts output, tickets issuing and lotteries output in department stores, hotels and restaurants; label printers, which are used in plants and distribution centers; mobile printers used for parking management, delivery-related industrials and sticker output, as well as printer mechanisms, which are used for credit card terminals, parking systems, kiosk banking systems and POS systems. The Distribution Business segment sells products such as bags and watches. The Electric Equipment Business segment is engaged in the manufacturing of power supply apparatuses and power converters.
AROOT CO., LTD. 
