Biolog Device Co., Ltd. (KOSDAQ:A208710) agreed to acquire 77.85% stake in OezSoft Inc. for approximately KRW 500 million on August 17, 2017. Under the terms of the transaction, Biolog Device Co., Ltd. will acquire 7,975 shares of OezSoft Inc. For the year ended December 31, 2016, OezSoft Inc. reported total revenues of KRW 534 million, total assets of KRW 501 million and net profit of KRW 42 million. Board of Directors resolved the transaction on August 17, 2017. The transaction is expected to complete on August 22, 2017. Biolog Device Co., Ltd. (KOSDAQ:A208710) cancelled the acquisition to acquire 77.85% stake in OezSoft Inc. on August 17, 2018.