PATI Games Corporation (KOSDAQ:A194510) agreed to acquire 6.8% stake in B&M Holdings Co., Ltd. from Moda Inc. (KOSDAQ:A149940) for KRW 9.9 billion on May 16, 2017. Under the terms of transaction, PATI Games Corporation will acquire 0.14 million shares for KRW 9.9 billion and will pay the consideration until June 30, 2017. For the year ended December 31, 2016, B&M Holdings Co., Ltd. reported total assets of KRW 37.3 billion, net assets of KRW 35.3 billion, sales of KRW 9.9 billion and net profits of KRW 5.3 billion.

The transaction is expected to be completed by June 30, 2017.