Keystone Dynamic Limited No. 5 agreed to acquire 18% stake in The Asia Business Daily Co., Ltd. (KOSDAQ:A127710) from KMH Co. Ltd. (KOSDAQ:A122450) for KRW 23.2 billion on June 25, 2021.

Under the terms, Keystone Dynamic will acquire 4.59 million shares and make the down payment of KRW 300 million on June 25, 2021 and the balance after deducting the down payment within August 9, 2021. The transaction is expected to close on August 9, 2021.