T Scientific Acquires 60% Stake in Plutos DS for 24.1 Billion KRW

[Asia Economy Reporter Jang Hyowon] T Scientific announced on the 11th that it will acquire 106,218 shares (60.36%) of PlutosDS for 24.1 billion KRW.

The acquisition amount corresponds to 10.88% of its equity capital and is a cash acquisition. The purpose of the acquisition is to enter a new business.

PlutosDS operates a virtual asset exchange. As of the end of last year, it recorded sales of 167 million KRW and a net loss of 2.276 billion KRW.