DiNonA Inc. (XKON:A086080) agree to acquire 9.25% stake in Hwail Pharmaceutical Co.,Ltd. (KOSDAQ:A061250) from Park, Pil Joon for KRW 30.8 billion on September 17, 2020. Under the terms of transaction, DiNonA agree to acquire 1.6 million share at KRW 19.272 per share of Hwail. Payment was made in cash, as initial payment of KRW 6 billion will be paid on September 17, 2020 and balance amount of KRW 24.8 billion will be paid on scheduled date. Acquisition of shares and partial acquisition of management rights for business diversification management rights for business diversification. Transaction is funded from cash only. Board of resolution was passed on September 17, 2020. Transaction is scheduled on September 18, 2020.

DiNonA Inc. (XKON:A086080) completed the acquisition of 9.25% stake in Hwail Pharmaceutical Co.,Ltd. (KOSDAQ:A061250) from Park, Pil Joon in September, 2020.