Magic Micro Co.,Ltd. (KOSDAQ:A127160) agreed to acquire 75% stake in LioniX International B.V. from Panthera International B.V. for KRW 28.6 billion on July 2, 2018. The consideration will be paid in cash with KRW 19.4 billion paid on July 2, 2018 with remaining KRW 9.1 billion payable on July 16, 2018 at closing. As reported, Magic Micro will acquire 780 shares in LioniX International. LioniX International reported total assets of KRW 31.7 billion, total capital of KRW 28.6 billion, sales of KRW 2.1 billion and net loss of KRW 0.6 billion for the year ended March 31, 2018. The Board of Directors of Magic Micro Co.,Ltd resolved the transaction on July 2, 2018. The acquisition is scheduled to close on July 16, 2018. As on July 16, 2018, it was reported that the acquisition is now scheduled to close on July 24, 2018. Of the total consideration, KRW 19.4 billion was paid on July 2, 2018 with remaining KRW 9.1 billion now payable on July 24, 2018 at closing. Magic Micro Co.,Ltd. (KOSDAQ:A127160) completed the acquisition of 75% stake in LioniX International B.V. from Panthera International B.V. on July 24, 2018.