MBA Co., Ltd. agreed to acquire a 68.7% stake in BSE Co., Ltd. from CoAsia Corporation (KOSDAQ:A045970) for KRW 31.8 billion on May 28, 2021. The buyer shall make a down payment amounting to KRW 1.5 billion in cash until June 11, 2021 while the balance shall be paid until June 29, 2021 or as otherwise agreed by the parties. The transaction is expected to close on June 29, 2021. As of June 29, 2021, The consideration will be paid as, down payment (until June 11, 2021): KRW 1.5 billion in cash, interim payment (June 29, 2021): KRW 8 billion in cash and balance (July 28, 2021): KRW 22.2 billion in cash. The transaction is expected to close on July 28, 2021.The expected closing date after correction is July 26, 2021.