Gencurix Inc. (KOSDAQ:A229000) agreed to acquire a 41% stake in Nano Bio Life Co., Ltd. from Soo-kyung Kim, Jihye Cheon, Injoong Kim, Ki-moon Song, Jichul Hyun and Sujin Lee for KRW 3.7 billion on August 21, 2020. The consideration price will be paid in cash. As part of the transaction, Gencurix Inc. will acquire 13,501 shares in Nano Bio Life Co., Ltd. consisting 6,094 shares from Soo-kyung Kim, 2,214 shares from Jihye Cheon, 2,062 shares from Injoong Kim, 1,361 shares from Ki-moon Song, 1,361 shares from Jichul Hyun and 409 shares from Sujin Lee. Post completion Gencurix Inc. hold 52.73% stake for 21,751 shares in Nano Bio Life Co., Ltd. In the year ended of December 31, 2019 Nano Bio Life Co., Ltd. reported total assets of KRW 539 million and sales of KRW 710 million and total equity of KRW 153 million. Board of directors of Gencurix Inc. resolved the transaction and scheduled acquisition date is August 31, 2020.