Aceville Pte. Ltd. agreed to acquire an additional 14.4% stake in Royalcrow Co., Ltd. from Thumbage Co., Ltd. (KOSDAQ:A208640) for KRW 6.2 billion on August 10, 2022. As on December 31, 2021, Royalcrow Co., Ltd. generated total assets of KRW 4.8 billion, and net loss of KRW 7.02 billion.

The transaction is resolved by the board of directors of Thumbage and scheduled to complete on August 31, 2022.