Blitzway Co.,LTD. (KOSDAQ:A369370) agreed to acquire 11% stake in Blitzway Studio Co., Ltd. from Chapter Two Holdings Co., Ltd. for KRW 2 billion on August 10, 2022. Post completion, Blitzway Co.,LTD shall own 20,440 shares in Blitzway Studio Co., Ltd. For the year 2021, Blitzway Studio reported total assets of KRW 2.9 billion, total debt of KRW 2.9 billion, total equity of KRW 58 million. Board resolution date (decision date) was August 10, 2022. Expected date of acquisition is August 10, 2022.