Jcontentree corp. (KOSE:A036420) intent to acquire additional 26.44% minority stake in Megabox Joongang, Inc. for approximately KRW 110 billion on November 5, 2020. Under the term, Jcontentree will acquire 0.14 million shares of Megabox. Post completion, Jcontentree will hold 90.82% stake in Megabox. The transaction was resolved by the board of directors of Jcontentree on November 5, 2020. The transaction is expected to close on November 30, 2020.