Wooriro Co., Ltd (KOSDAQ:A046970) signed a contract to acquire 15.46% stake in Tamul Multimedia Co., Ltd (KOSDAQ:A093640) from Entermate Co.,Ltd. (KOSDAQ:A206400) for KRW 12 billion on December 20, 2018. A total of 1.14 million shares will be acquired as part of the deal for KRW 10484.3 per share. A deposit of KRW 1.2 billion will be paid in cash as deposit on December 20, 2018 and the balance payment of KRW 10.8 billion will be paid till December 27, 2018. The balance will comprise of KRW 4.8 billion in cash and KRW 6 billion of coupon unguaranteed private convertible bonds. When the balance is paid, the target stock will be transferred at the same time. As of December 20, 2018, KRW 6 billion of coupon unguaranteed private convertible bonds were issued. Deal is expected to close on December 27, 2018.

Wooriro Co., Ltd (KOSDAQ:A046970) completed the acquisition of 15.46% stake in Tamul Multimedia Co., Ltd (KOSDAQ:A093640) from Entermate Co.,Ltd. (KOSDAQ:A206400) on December 27, 2018.