Solux Co., Ltd (KOSDAQ:A290690) agreed to acquire 9.96% stake in AriBio Co., Ltd. from Jeong Jae-joon, Seong Soo-hyun and The Korea Development Bank for KRW 53.8 billion on June 29, 2023. As per the transaction, Solux Co., Ltd will acquire 2.24 million shares of AriBio Co., Ltd.