Star Mobility Co.,Ltd. (KOSDAQ:A158310) agreed to acquire 84.6% stake in Jeju Star Rental Co., Ltd. from Jang Ho for KRW 22.5 billion on December 13, 2019. Star Mobility will acquire 0.13 million shares in cash. KRW 20 billion will be paid as down payment on December 13, 2019 and balance KRW 2.5 billion will be paid on December 20, 2019. On completion, Star Mobility will hold 0.13 million shares representing 84.6%. The board resolved the transaction on December 13, 2019. The transaction is expected to close on December 20, 2019. Hyundai Accounting Firm acted as the External Evaluation Body.