Fusense Co., Ltd., Ray Partners Co., Ltd. and Buckingham Consortium entered into a contract to acquire 20.5% stake in ICK Co., Ltd. (KOSDAQ:A068940) from Kim, Nam Joo for KRW 24.2 billion on June 23, 2022. As per the amendment report on July 29, 2022, Oreum F&B Co., Ltd. replaced Fusense Co., Ltd as a buyer. As per the terms, 7,289,060 shares will be acquired at KRW 3,314 per share.

Fusense Co., Ltd. will acquire 16.24% stake representing 5,780,309 shares, Ray Partners Co., Ltd. will acquire 1.70% stake representing 603,500 shares and Buckingham Consortium will acquire 2.54% stake representing 905,251 shares. Down payment and interim payment of KRW 5,000,000,000 will be paid on June 23, 2022 and balance KRW 19,155,944,840 will be paid on August 1, 2022. The transaction is expected to close on August 1, 2022.

As of July 29, 2022, The transaction is expected to close on August 12, 2022. As on August 12, 2022, Oreum F&B Co., Ltd. acquired 15.94% stake in Cellfie Global Co.,Ltd.