EXEM Co., Ltd. (KOSDAQ:A205100) agreed to acquire Cloudine Co., Ltd. for KRW 1.4 billion on June 14, 2016. EXEM Co., Ltd. (KOSDAQ:A205100) signed a contract to acquire Cloudine Co., Ltd. on June 15, 2016. Exem will issue 12.2055850 for every one share of Cloudine and total of 0.366 million shares of Exem will be issued. After the transaction Cloudine will be dissolved. For the year ended December 31, 2015, Cloudine Co., Ltd. reported total assets of KRW 291.1 million, sales of KRW 598.4 million and net profit of KRW 39.6 million. Board of directors of EXEM Co., Ltd. resolved the transaction on June 14, 2016. A contract is expected to be signed on June 15, 2016. Expected closing of the transaction is on August 17, 2016. EXEM Co., Ltd. (KOSDAQ:A205100) completed the acquisition of Cloudine Co., Ltd. on August 17, 2016.