Point-I Co., Ltd. (KOSDAQ:A078860) entered into contract to acquire Kim Jong Hak Production, Inc. from G-treeBNT Co., Ltd. (KOSDAQ:A115450) for KRW 7 billion in cash on January 5, 2015. Point-I will acquire 0.2 million shares at the price of KRW 0.035 million per share of Kim Jong Hak Production, Inc. Point-I Co., Ltd. will pay KRW 3 billion on January 5, 2015 and balance KRW 4 billion on January 30, 2015. As of September 30, 2014, Kim Jong Hak Production, Inc. had total assets of KRW 9.16 billion.

Board of Directors of Point-I and G-treeBNT Co., Ltd. made a resolution in favor of the transaction on January 30, 2015. The transaction is expected to complete on January 30, 2015. G-treeBNT Co., Ltd will use the proceeds for working capital, focusing more on biotech business.

Jewon Accounting Corporation acted as evaluation agency.