GemVax&KAEL Co.,Ltd acquired additional 12.9% stake in Gemvaxlink Co., Ltd. for KRW 18 billion.
August 18, 2021
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GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) acquired additional 12.9% stake in Gemvaxlink Co., Ltd. (KOSDAQ:A064800) for KRW 18 billion on August 19, 2021. As part of the transaction, GemVax&KAEL acquired 10,791,628 shares in Gemvaxlink for KRW 1670 per share. The transaction was resolved by the Board of Gemvaxlink on August 19, 2021.
GemVax&KAEL Co.,Ltd (KOSDAQ:A082270) completed the acquisition of an additional 12.9% stake in Gemvaxlink Co., Ltd. (KOSDAQ:A064800) on August 19, 2021.
GemVaxLink Co Ltd, formerly Feelingk Co Ltd, is a Korea-based company mainly engaged in the sale of clothing miscellaneous goods. The Company operates its business through two segments. The Overseas Fashion Business segment sells apparel, fashion, miscellaneous goods, and luxury goods. The Wireless Internet Solution Business segment mainly develops wireless Internet solutions such as short message service center (SMSC) and long message service center (LMSC) systems, wireless application protocol (WAP) gateways and multimedia message service center (MMSC) systems, and other wireless Internet solutions such as ring back tone (RBT), unified messaging system (UMS) as well as wireless Internet platforms for interoperability (WIPI) globalization solutions under the brand name of Feelingk. The Company also involves in the management consulting and real estate rental business.
GEMVAXLINK CO., LTD. 
