On July 17, 2020, Sangji Caelum, Inc. (KOSDAQ:A042940) closed the transaction. The company also amended the terms of the transaction. The company now issued convertible bonds for KRW 12,200,000,000. The bonds are converted into 10,278,011 common shares of the Sangji Kyle Room Co., Ltd, representing 16.47% of the total number of shares.