Nepes Corporation (KOSDAQ:A033640) reached an agreement to acquire 99.99% interest in Philippines manufacturing facility of Deca Technologies Inc. for approximately PHP 51.2 million on October 1, 2019. The consideration shall be paid in cash. As per the terms, Nepes Corporation will acquire approximately 0.103 million shares As part of the agreement, Nepes has licensed Deca’s M-Series technology. The transaction is subject to completion of regulatory approvals and other customary closing conditions. The transaction is expected to complete on November 15, 2019.