Chadiostech Co., Ltd. (KOSDAQ:A196450) acquired HE&M Co., Ltd. from Sungmin An and Widwin Holdings Co.,Ltd. for KRW 5 billion on August 30, 2016. Under the terms, Chadiostech acquired 0.69 million shares and paid KRW 2.5 billion in cash and KRW 2.5 billion in convertible bonds. Cash and acquisition consideration is to be offset with convertible bond for payment. The cash and acquisition consideration to be offset with convertible bond for payment. For the year ended on Dedcember 31, 2015, HE&M Co. Ltd reported total assets of KRW 14.3 billion, revenue of KRW13.6 billion and net profit of KRW 1.4 billion. The deal has been resolved by the Board of Directors. Chadiostech Co., Ltd. (KOSDAQ:A196450) completed the acquisition of HE&M Co., Ltd. from Sungmin An and Widwin Holdings Co.,Ltd. on August 30, 2016