Modacom Co., Ltd. (KOSDAQ:A149940) agreed to acquire Cocoa Vision Inc. from a group of individuals for KRW 3.2 billion on April 22, 2016. Modacom will acquire 0.11 million shares of Cocoa Vision Inc. After the transaction, Modacom Co., Ltd will hold 100% stake in Cocoa Vision Inc. The Board of Modacom Co., Ltd. passed a resolution for the transaction on April 22, 2016. The transaction is expected to be completed on April 22, 2016. Han Kyung Accounting Corporation acted as the external rating institution. Modacom Co., Ltd. (KOSDAQ:A149940) cancelled the acquisition of Cocoa Vision Inc. from a group of individuals on April 22, 2017.