IME YOUNYI Co., Ltd. (KOSDAQ:A090740) agreed to acquire OngoTech Co., Ltd. for KRW 5 billion on April 12, 2021. As per terms, the consideration shall be paid by issuing convertible bonds to acquire 0.04 million shares of OngoTech Co., Ltd. For the year ending 2020, total asset, net asset, revenue, net profit of OngoTech Co., Ltd. was KRW 9.8 billion, KRW 4.2 billion, KRW 17.2 billion, KRW 223 million respectively. The transaction is resolved by the board of IME YOUNYI Co., Ltd. and is expected to close on April 12, 2021.

The deal is expected to be completed by December 21, 2021.