BioLeaders Corporation (KOSDAQ:A142760) agreed to acquire 21.79% stake in Next Bt Co., Ltd. (KOSDAQ:A065170) from Bio FC Co., Ltd, Moon, Won-Kook, Kim, Bokhee, Moon, Jee-Sung and Moon, Ji-Yeong for KRW 36 billion on February 1, 2018. Under the terms, BioLeaders Corporation will acquire 8.67 million shares at KRW 4,156 per share in cash. BioLeaders Corporation will deposit KRW 10 billion on February 2, 2018 and remaining balance of KRW 26 billion will be paid on March 19, 2018 and 2.41 million shares will be transferred to BioLeaders Corporation on February 2, 2018 and remaining 6.26 million shares will be transferred on March 19, 2018. Moon, Won-Kook will sell 6.3 million shares (15.95%), Kim, Bokhee will sell 0.40 million shares (1.01%), Moon, Jee-Sung will sell 0.52 million shares (1.30%), Moon, Ji-Yeong will sell 0.34 million shares (0.86%) and Bio FC Co., Ltd will sell 1.1 million shares (2.65%) in Next Bt Co., Ltd.

Post-acquisition, People appointed by the BioLeaders Corporation at the general shareholders meeting will be selected as a director and an auditor. The transaction is resolved by the Board of Directors of BioLeaders Corporation on February 1, 2018. The transaction is expected to close on March 21, 2018. Samdo Accounting Corporation acted as the external rating institution for the transaction.