East Bridge Private Equity Co., Ltd. signed an agreement to acquire 43.5% stake in Innometry Co., Ltd. (KOSDAQ:A302430) from NextEye Co., Ltd. (KOSDAQ:A137940) and Joonbo Kim for KRW 75.6 billion on August 25, 2020. On October 15, 2020, East Bridge Private Equity Co., Ltd. through a 65% owned special purpose company signed a contract to acquire 43.5% stake in Innometry Co., Ltd. from NextEye Co., Ltd. and Joonbo Kim. As per the transaction, East Bridge Private Equity will acquire 3.52 million shares from NextEye Co., Ltd. and 0.68 million shares from Joonbo Kim at KRW 18,000 per share. Post completion, NextEye Co., Ltd. and Joonbo Kim will hold 0.39 million and 0.98 million shares representing 4.1% stake and 10.21% stake respectively. The transaction is self funded by East Bridge Private Equity. The Board of Directors has passed the resolution for the transaction. Completion is scheduled to take place on October 15, 2020. As on August 31, 2020, the transaction is expected to complete on October 20, 2020. As on October 15, 2020, the transaction is expected to complete on October 16, 2020.

East Bridge Private Equity Co., Ltd. completed the acquisition of 43.5% stake in Innometry Co., Ltd. (KOSDAQ:A302430) from NextEye Co., Ltd. (KOSDAQ:A137940) and Joonbo Kim on October 16, 2020. The consideration was paid on October 16, 2020.