Leo Members, Inc. acquired 50% Ownership Stake in Leo Motors Factory, Inc., Leo Motors Factory 2, Inc. and Leo Trading Inc. from Leo Motors, Inc. (OTCPK:LEOM) for KRW 300 million on March 8, 2017. As per the terms of agreement, Leo Members, Inc. acquired 200,000 shares of common stock of Leo Motors Factory 1, 15,000 shares of common stock of Leo Motors Factory 2 and 100,000 shares of common stock of Leo Trading. The transaction has been approved unanimously by Board of Directors of the Leo Motors, Inc and Audit Committee of the Board of Directors. Leo Members, Inc. completed the acquisition of 50% Ownership Stake in Leo Motors Factory, Inc., Leo Motors Factory 2, Inc. and Leo Trading Inc. from Leo Motors, Inc. (OTCPK:LEOM) on March 8, 2017.