Korea Robot Manufacturing Co.,Ltd. (KOSDAQ:A093640) agreed to acquire GEMOPIAINVEST CO.,LTD No. 5 from GEMOPIAINVEST CO., LTD for KRW 14.6 billion on April 28, 2023. As part of transaction 30,000 shares will be acquired.

Down payment of KRW 1.4 billion will be paid on April 28, 2023 and remaining balance will be paid on July 3, 2023. The transaction will be funded from cash on hand. For period ended March 31, 2023, GEMOPIAINVEST CO.,LTD No.

5 reported total assets of KRW 39 billion, total capital of KRW 2.9 million, sales of KRW 0.99 million and net loss of KRW 263 million. The transaction is expected to complete on July 3, 2023.