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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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