ORIENT BIO Inc. (KOSE:A002630) agreed to acquire an additional 29.74% stake in Orient Electronics Co.,Ltd. for KRW 6.7 billion on July 28, 2020. As part of the transaction, ORIENT BIO Inc. will acquire 3,774,092 stocks in Orient Electronics Co.,Ltd. Board of directors of ORIENT BIO Inc. resolved the transaction and date of acquisition is August 5, 2020.