NICE Total Cash Management Co., Ltd (KOSDAQ:A063570) agreed to acquire remaining 50% stake in Nice Finlink Co., Ltd from BGFnetworks Corporation for KRW 45.3 billion on November 15, 2017. As per the terms of the transaction, NICE Total Cash Management Co., Ltd will issue 4.3153598 million shares for acquiring 1 million shares of Nice Finlink Co., Ltd. Nice Finlink Co., Ltd. will dissolve post transaction closing and NICE Total Cash Management Co., Ltd will be the surviving entity. NICE Total Cash Management Co., Ltd already holds 1 million shares (50% stake) in Nice Finlink Co., Ltd. Nice Finlink Co., Ltd reported total assets of KRW 70.7 billion, sales of KRW 1.1 billion and net profit of KRW 81.8 million for the year ended December 31, 2016. The transaction is subject to approval in general meeting of shareholders to be held on December 29, 2017. The transaction was approved in general meeting of shareholders held on December 29, 2017. The transaction is expected to close on January 31, 2018 and the expected merger registration date is February 2, 2018. As of February 2, 2018, the scheduled delivery date of new share certificate was changed to February 19, 2018 and listing date of new shares was changed to February 20, 2018. Ernst & Young Han Young acted as external rating institution in the transaction. Samil pricewaterhouseCoopers acted as external auditor in the transaction. Ernst & Young Global Limited, Corporate Finance acteda s financial advisor to NICE Total Cash Management Co., Ltd . NICE Total Cash Management Co., Ltd (KOSDAQ:A063570) completed the acquisition of remaining 50% stake in Nice Finlink Co., Ltd from BGFnetworks Corporation on January 31, 2018.