PARK & OPC Co., Ltd. (KOSDAQ:A028040) agreed to acquire Mirae Global Co., Ltd. from STC System Co., Ltd., Heesung Cho, Insook Lee and Jisook Kim for KRW 7.3 billion on May 25, 2017. Under the terms of the transaction, PARK & OPC Co., Ltd. will acquire 0.12 million shares of Mirae Global Co., Ltd. The payment of KRW 320 million will be paid in cash and PARK & OPC Co., Ltd. will issue convertible bond of KRW 7 billion. The transaction will be funded through own funds and issuance of convertible bond. For the year ended December 31, 2016, Mirae Global Co., Ltd. reported revenues of KRW 28.2 billion, total assets of KRW 3.8 billion, total capital of KRW 2.2 billion and net income of approximately KRW 580 million. As of May 25, 2017, Board of PARK & OPC Co., Ltd. resolved the transaction. The transaction is expected to close on May 25, 2017. Jeong Myung Accounting Corp. acted as an external rating institution in the transaction. Mirae SCI Co., Ltd. (KOSDAQ:A028040) cancelled the acquisition of Mirae Global Co., Ltd. from STC System Co., Ltd., Heesung Cho, Insook Lee and Jisook Kim on May 25, 2018.