AIBIT Co., Ltd. (KOSDAQ:A039230) acquired 27.33% stake in Mecox Curemed Co., Ltd. from a group of sellers for KRW 25.7 billion on January 13, 2020. AIBIT Co., Ltd. will acquire 1.28 million shares from Taewoo Cho, Bokdeok Kim, Taekyung Lee, Jaewoong Kang, Jongmu Kim, On Partners Co., Ltd., Jinhee Lee, Changkyu Choi, Mecox Bio Venture Capital 1, Nau Investment Co., Ltd., Kwangbeom Park, Hyeonsu Lee, Hyesang Park, Taesung Kim, Yoonseok Choi, Wooyoung Song, Changjoo Mo, Nakyung Kim, Sungmoon Jung, Junghoon Kim, Soonok Kim, Hyunchul Kim, Sanghui Park, Yongseok Park, Sungho Park, Doyeop Kim, Soonhee Lee and Jiwon Yoon by issuing the 16th convertible bonds. For the year ending 2019, Mecox Curemed Co., Ltd. reported total assets of KRW 6.66 million, total debt of KRW 43.58 million, negative total capital of KRW 36.92 million, sales of KRW 65.45 million and net income of KRW 13.95 million. AIBIT Co., Ltd. (KOSDAQ:A039230) completed the acquisition of 27.33% stake in Mecox Curemed Co., Ltd. from a group of sellers on January 13, 2020.