Datasection Inc. (TSE:3905) agreed to acquire 37.50% stake in MSS Co., Ltd. from VLC Holdings Co., Ltd. (NSE:2467) for KRW 300 on June 3, 2024. A cash consideration of KRW 300 will be paid by Datasection Inc. As part of consideration, KRW 300 is paid towards common equity of MSS Co., Ltd.

The transaction is subject to approval of offer by shareholders of VLC Holdings Co., Ltd. The deal is expected to be completed on July 1, 2024.