Leo Motors Inc. (OTCPK:LEOM) entered into an agreement to acquire 50% stake in Lelcon Co., Ltd. from Kim Yun Ho for $0.4 million on June 3, 2016. Leo Motors issued 1.4 million shares as consideration. Jung-dong Accounting Co., Ltd. acted as accountant in the deal. Leo Motors Inc. (OTCPK:LEOM) completed the acquisition of 50% stake in Lelcon Co., Ltd. from Kim Yun on June 3, 2016.