Tellus Co., Ltd. (KOSDAQ:A196450) entered into a share acquisition/sale agreement to acquire Diostech Co., Ltd from a group of sellers for KRW 10.9 billion on December 3, 2018. A total of 0.2 million shares will be acquired as part of the deal and will be paid in the form of cash and substitution payment. Tellus Co., Ltd. will pay 10% of the total amount which is KRW 1.1 billion in cash as deposit on December 3, 2018 and the remaining balance which is KRW 9.8 billion, will be paid as KRW 3.3 billion as cash and KRW 6.5 billion as substitution payment on December 6, 2018. As of January 10, 2019, deal terms were revised and balance payment of KRW 9.3 billion will be done thorugh issuance of private bonds and KRW 532 million in cash.The Board of Directors of Tellus Co., Ltd. passed a resolution for the deal on December 3, 2018. The deal is expected to close on December 6, 2018. As per disclosure on December 6, 2018, the transaction is expected to close on January 11, 2019. As per disclosure on January 10, 2019, the transaction is expected to close on January 10, 2019. KPMG Samjong Accounting Corp. acted as external rating institution in the transaction. KPMG Corporate Finance acted as financial advisor to Tellus Co., Ltd.