Barunson Co.,Ltd. (KOSDAQ:A018700) agreed to acquire Pollux Pictures Co., Ltd. for KRW 1.4 billion on October 5, 2016. As a part of consideration, the exchange ratio is 1 to 11.4331860. 0.11 million new shares will be issued for the merger at KRW 12,250 per share. Under the terms, 0.01 million shares will be acquired at KRW 140056 per share. On October 7, 2016, a contract is entered into. For the year ended December 31, 2015, Pollux Pictures Co., Ltd. reported total assets of KRW 509.2 million, sales of KRW 3.3 billion and net profit of KRW 489.1 million. The board of Barunson Co.,Ltd. approved the deal on October 5, 2016. The acquisition is expected to close on December 5, 2016.
As of November 4, 2016, the Board of Directors meeting, which substituted the general meeting of shareholders has approved the transaction for Pollux Pictures Co.,Ltd.
Barunson Co., Ltd. is a Korea-based company mainly engaged in game business. The Company operates its business through three segments. The Film Business segment is engaged in film production and investment. The Food Business segment is engaged in catering, lunch, and franchise brand development. The Game Business segment is engaged in virtual reality (VR) content development, mobile game development, home interior retailing, and facility security business.
BARUNSON CO., LTD. 
