GemVax&KAEL Co.,Ltd acquired additional 12.99% stake in Gemvaxzio Co., Ltd. for KRW 18.02 billion.
August 18, 2021
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GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) acquired additional 12.99% stake in Gemvaxzio Co., Ltd. (KOSDAQ:A041590) for KRW 18.02 billion on August 19, 2021. GemVax&KAEL acquired 10.8 million shares through its own funds and now holds 23.64% stake after completion of the transaction.
GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) completed the acquisition of additional 12.99% stake in Gemvaxzio Co., Ltd. (KOSDAQ:A041590) on August 19, 2021.
Flask Co Ltd, formerly Gemvaxzio Co Ltd, is a Korea-based company engaged in the interior business. The Company operates its business through three segments. The Interior Business segment is involved in the businesses of interior design and construction, such as furniture design, manufacture and installation, as well as architectural design and construction. The Energy Business segment mainly engages in the construction of renewable energy devices and facilities, such as ice thermal storage cooling systems and electricity storage systems (ESSs). The Leasing Business segment mainly engages in the leasing of shops.