Aprogen pharmaceuticals,Inc. (KOSE:A003060) acquired an additional 6.38% stake in Locojoy International Corporation (KOSDAQ:A109960) from Aprogen Biologics Inc. for KRW 7 billion on September 24, 2019. Aprogen pharmaceuticals will acquire 5.7 million shares at a price of KRW 612 per share. Post completion, Aprogen pharmaceuticals will own 53.3% stake in Locojoy International Corporation. Aprogen pharmaceuticals will fund the transactions with the self owned funds of KRW 3.5 billion.

Aprogen pharmaceuticals,Inc. (KOSE:A003060) completed the acquisition of an additional 6.38% stake in Locojoy International Corporation (KOSDAQ:A109960) from Aprogen Biologics Inc. on September 24, 2019.