Blossom M&C Co., Ltd. (KOSDAQ:A263920) agreed to acquire Blossom Pictures Co., Ltd. from a group of sellers for KRW 15 billion on June 11, 2019. As per terms, 0.01 million common shares and 1,111 preference shares will be acquired. The payment has been paid in lump sum in cash and is financed from own funds. For the year ended December 31, 2018, Blossom Pictures Co., Ltd. reported total assets of KRW 2.2 billion, net assets of KRW 1.4 billion, sales of KRW 2.3 billion and net profit of KRW 1 billion. The Board of Directors of Blossom M&C Co., Ltd. resolved the deal on June 11, 2019. The deal is expected to close on June 11, 2019. Pyeong Jin Accounting Corporation acted as external rating institution. Blossom M&C Co., Ltd. (KOSDAQ:A263920) cancelled the acquisition of Blossom Pictures Co., Ltd. from a group of sellers on June 11, 2020.