Miraesci Co., Ltd. (KOSDAQ:A028040) agreed to acquire 6.3% stake in Enerbio Co., Ltd on October 30, 2018. As part of the transaction, Miraesci will acquire 12,233 shares of Enerbio. The acquisition includes 85,100 shares after the debt to equity conversion. The total transaction value is KRW 2.5 billion. The consideration will be paid as approximately KRW 300 million in cash and KRW 2.2 billion as convertible bonds. Post completion, Miraesci will hold 97,333 shares representing 50% stake in Enerbio. The transaction is resolved by the board of directors of Miraesci. The transaction is expected to close on November 13, 2018.