Citylabs Co.,Ltd. (KOSDAQ:A139050) agreed to acquire 2.025214% stake in Streami, Inc. for KRW 1.2 billion on September 22, 2023. In related transaction, Citylabs acquiring 59,431 shares through paid in capital increase. For period ended 2022, Streami reported total assets of KRW 17.3 billion, total debt of KRW 71.2 billion, total capital of KRW-53.9 billion, sales of KRW 1.6 billion and net loss of KRW 90.7 billion.

The transaction is expected to complete on September 22, 2023. As on November 6, 2023, the transaction is expected to complete on November 20, 2023. As on November 15, 2023, the transaction is expected to complete on November 15, 2023.