MAXST Co., Ltd. (KOSDAQ:A377030) agreed to acquire an additional 40.8% stake in Buk.Io, Inc. from group of shareholders for KRW 2.99 billion on May 10, 2022. As per the transaction, MAXST Co., Ltd. will acquire an additional 0.476 million shares. Post completion, MAXST Co., Ltd. will hold 0.634 million shares representing 54.42% stake of Buk.Io, Inc. The transaction will be funded through own funds. The Board of Directors has passed the resolution for the transaction. Completion is planned on June 30, 2022.

MAXST Co., Ltd. (KOSDAQ:A377030) completed the acquisition of an additional 40.81627% stake in Buk.Io, Inc. from group of shareholders on July 4, 2022.