CMS Education Co., Ltd. (KOSDAQ:A225330) acquired 19.5% in HelloApps Co., Ltd. for approximately KRW 230 million on July 7, 2016. Under the terms, 3900 shares are acquired for KRW 0.1 million per share in cash. For the year ended December 31, 2015, HelloApps Co., Ltd. reported total assets of KRW 598 million, sales of KRW 465 million, total capital of KRW (70) million and net profit of KRW 16 million. The board of directors of CMS Education Co., Ltd. resolved the transaction on July 7, 2016. CMS Education Co., Ltd. (KOSDAQ:A225330) completed the acquisition of 19.5% in HelloApps Co., Ltd on July 7, 2016.