Fourth-link Inc. (KOSDAQ:A056730) agreed to acquire 100% stake in Korea Filter Co.,Ltd from Yoon-hyun Kyung, Eun-hee Choi, Yong-heon Jo and Yoon-kang Heo for KRW 9.5 billion on September 11, 2020. Under the terms, the consideration will be paid in cash. Fourth-link acquires 51,300 shares from Yoon-hyun Kyung for KRW 6.1 billion, 23,700 shares from Eun-hee Choi for KRW 2.8 billion, 3,000 shares from Yong-heon Jo for KRW 356.25 million and 2,000 shares from Yoon-kang Heo for KRW 237.5 million. And a down payment of KRW 950 million is scheduled to pay on September 11, 2020 and the remaining balance of KRW 8.55 billion will be paid on October 15, 2020. The consideration will be funded from own funds and borrowings. Korea Filter reported total assets of KRW 8.2 billion, total liabilities of KRW 3.1 billion, total equity of KRW 5.1 billion, capital of KRW 400 million, sales of KRW 4.5 billion, net income of KRW 299 million for the year ended 2019. The Board of Fourth-link resolved this transaction on September 11, 2020. This deal is expected to close on October 15, 2020.