Ascendio to buy 100% of Vala Company for KRW 7.5 billion
Bitget2026/09/29 08:59- Ascendio will acquire 100% of Bala Company for KRW 7.5 billion, buying 100,000 shares from existing shareholders.
- Closing is scheduled for Oct. 13, with KRW 2.5 billion paid upfront on Sept. 29, balance due at completion.
- Deal value equals 68.75% of Ascendio’s total assets and 22.36% of equity, based on its FY2025 consolidated statements.
- Bala operates in video content planning and production; the acquisition targets business diversification and synergies with Ascendio’s existing operations.
- Loel Accounting Corp. delivered an external valuation opinion of “appropriate” following a review conducted from Sept. 11 to Sept. 21.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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