Largest shareholder of Medipost changed to a private equity
By Chon, Seung-Hyun | translator Alice Kang
22.03.17 09:43:31
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Provide ₩140 billion¡¯s worth of paid-in capital increase and CB to Skylake Equity Partners and Crescendo Equity Partners
CEO Yoon-sun Yang sells 400,000 shares at ₩90 billion
Skylake etc. to secure 32.7% of Medipost shares by investing ₩230 billion
¡ãView of Medipost HQ
The largest shareholder of the bio venture company Medipost will be changed from the founder and CEO Yoon-sun Yang to a private equity consortium. Medipost plans to receive an investment of approximately ₩140 billion from a private equity fund to invest in its cell and gene therapy business.On the 17th, Medipost announced that it had signed an investment agreement worth ₩140 billion with Skylake Equity Partners and Crescendo Equity Partners.
Under the agreement, Medipost will issue a paid-in capital increase through a third-party allotment worth ₩70 billion to Skylake and Crescendo. A total of 374,314 shares will be newly issued. Medipost will issue registered non-guar
Chon, Seung-Hyun(1000@dailypharm.com)
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