EnGIS Technologies, Inc. (KOSDAQ:A208860) agreed to acquire an additional 25% stake in MELcon CO., LTD. from Y Alliance 1 Fund for KRW 18.3 billion on December 24, 2020. Under the terms of the transaction, EnGIS Technologies, Inc. will acquire an additional 50,000 shares in MELcon CO., LTD. For the year ending December 31, 2019, MELcon CO., LTD. reported total asset, total common equity, revenue and net income of Melcon Co.,Ltd. was KRW 51.4 billion, KRW 33.3 billion, KRW 20 billion and KRW 4 billion respectively. The transaction is resolved by the Board of EnGIS Technologies, Inc. The transaction is expected to close on December 28, 2020. Nexia-Samduk acted as an external evaluator for the acquisition.