ENPLUS Co., Ltd. (KOSE:A074610) entered into an agreement to acquire 10.1% stake in Biolog Device Co., Ltd. (KOSDAQ:A208710) from Goldstar Livestock Promotion Co., Ltd. Ltd for approximately KRW 15 billion on June 28, 2022. As per the terms, ENPLUS will acquire 4,200,000 shares at KRW 3,571 per share. Down payment of KRW 7,500,000,000 will be paid on June 28, 2022, second payment of KRW 3,500,000,000 will be paid on July 13, 2022 and balance amount KRW 3,998,200,000 will be paid on September 1, 2022.

The transaction is expected to close on September 1, 2022.