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    A035760   KR7035760008

CJ ENM CO., LTD.

(A035760)
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Genie Music Corporation completed the acquisition of CJ Digital Music Corporation from CJ ENM CO., Ltd..

10/10/2018 EDT

Genie Music Corporation (KOSDAQ:A043610) signed an agreement to acquire CJ Digital Music Corporation from CJ ENM CO., Ltd. (KOSDAQ:A035760) for KRW 57.5 billion on July 25, 2018. The consideration will be paid through issuance of 8.9 million shares of Genie Music Corporation in an exchange ratio of 1: 5.5766783. The new shares issued will be listed on November 2, 2018. CJ Digital Music Corporation will be dissolved upon completion. As of December 31, 2017, CJ Digital Music Corporation reported total assets of KRW 69.6 billion. For the year ended December 31, 2017, CJ Digital Music Corporation reported total sales of KRW 81.3 billion and net loss of KRW 2.6 billion. The transaction is subject to approval of shareholders of Genie Music Corporation and CJ Digital Music Corporation. The Board of Directors of Genie Music Corporation passed a resolution on the transaction on July 25, 2018. As on September 4, 2018, the transaction is approved by the shareholders of Genie Music Corporation. The transaction is expected to close on October 10, 2018. Ernst & Young Han Young acted as external rating institution. Genie Music Corporation (KOSDAQ:A043610) completed the acquisition of CJ Digital Music Corporation from CJ ENM CO., Ltd. (KOSDAQ:A035760) on October 10, 2018.


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Financials
Sales 2022 4 151 B 3,28 B 3,28 B
Net income 2022 157 B 0,12 B 0,12 B
Net Debt 2022 989 B 0,78 B 0,78 B
P/E ratio 2022 14,8x
Yield 2022 1,80%
Capitalization 2 208 B 1 747 M 1 747 M
EV / Sales 2022 0,77x
EV / Sales 2023 0,68x
Nbr of Employees -
Free-Float 46,8%
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CJ ENM CO., Ltd. Technical Analysis Chart | A035760 | KR7035760008 | MarketScreener
Technical analysis trends CJ ENM CO., LTD.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 106 500,00 KRW
Average target price 167 750,00 KRW
Spread / Average Target 57,5%
EPS Revisions
Managers and Directors
Min-Hoe Huh Co-Chief Executive Officer, Director & VP
Min-Ho Heo Co-Chief Executive Officer, Director & VP
Jae-Min Baek Managing Director & Head-Finance
Hee-Young Yang MD & Head-Information Technology Strategy
Hyeong-Jin Jeong Managing Director & Head-IP Operations
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