Benoholdings, Inc. (KOSDAQ:A206400) entered into a letter of intent to acquire CMCO Korea Co., Ltd from Koins Co., Ltd. for KRW 9 billion on April 22, 2021. Under the terms Benoholdings, Inc will acquire 100,000 shares. Down payment of KRW 4 billion will be paid on the contract conclusion date and Balance KRW 5 billion on paid on April 30, 2021. For the year ended December 31, 2020, CMCO Korea Co., Ltd reported total assets of KRW 73.8 billion. The transaction is expected to close on April 30, 2021. The transaction was resolved by the board on April 23, 2021.