Arion Technology Inc. (KOSDAQ:A058220) agreed to acquire 3% stake in Wizdome inc. from Signal Entertainment Group Corp for KRW 4.2 billion on December 28, 2018. Under the terms, Arion Technology will acquire 0.05 million shares in which Arion Technology will pay KRW 4 billion with the 28th convertible bonds of Signal Entertainment Group Corp and the remaining balance of KRW 240 million will be paid in cash. The transaction has been resolved by the Board of Directors of Arion Technology Inc. at the meeting held on December 28, 2018. The transaction is expected to be completed by December 28, 2018. Arion Technology Inc. (KOSDAQ:A058220) cancelled the acquisition of 3% stake in Wizdome inc. from Signal Entertainment Group Corp on December 28, 2019.