DUAL Industrial. Co., Ltd. (KOSDAQ:A078590) agreed to acquire J.Technology Co.,Ltd from Hyukjoo Yoon and Hyeyoung Kwak for KRW 22 billion on March 13, 2019. As consideration, KRW 18.5 billion will be paid in cash and KRW 3.5 billion by convertible bond offset. As on March 13, 2019, KRW 4.4 billion in cash will be paid and remaining KRW 17.6 billion under which CNY 14.1 billion is cash and KRW 3.5 billion is bonds will be paid by offsetting with the DUAL Industrial Co., Ltd. issued 6th round convertible bond. Under the transaction, DUAL Industrial. Co., Ltd. acquires 0.02 million shares for KRW 11 billion from Hyukjoo and acquires 0.02 million shares at KRW 11 billion from Hyeyoung. During the financial year ended December 2018, J.Technology Co.,Ltd reported total assets of KRW 18.7 billion, net assets of KRW 18 billion, sales of KRW 38.4 billion and net profit of KRW 1.7 billion. The transaction is expected to be completed on April 12, 2019. The transaction is expected to be completed by April 8, 2019. HANUL ACCOUNTING CORPORATION acted as an external rating institute. DUAL Industrial. Co., Ltd. (KOSDAQ:A078590) completed the acquisition of J.Technology Co.,Ltd from Hyukjoo Yoon and Hyeyoung Kwak on April 8, 2019.