Com2uS Corporation concluded a share transfer agreement to acquire an additional 13.8% minority stake in Wysiwyg Studios Co., Ltd. from Park Kwan-woo and Park In-gyu for KRW 76.6 billion.

Com2uS Corporation (KOSDAQ:A078340) agreed to acquire an additional 13.8% minority stake in Wysiwyg Studios Co., Ltd. (KOSDAQ:A299900) from Park Kwan-woo and Park In-gyu for KRW 76.6 billion on August 24, 2021. Com2uS Corporation concluded a share transfer agreement to acquire an additional 13.8% minority stake in Wysiwyg Studios Co., Ltd. from Park Kwan-woo and Park In-gyu. Park Kwan-woo will transfer 9.48% stake which represents 1.57 million common shares for KRW 23.9 billion and Park In-gyu will transfer 4.3% stake which represents 3.6 million shares of common stock for KRW 52.7 billion.

90% of the sale price will be paid on September 30, 2021 and the remaining 10% will be paid on the day one year from the closing date of the transaction or otherwise agreed upon by the parties. After the completionCom2uS Corporation will hold 27.47% stake and Park Kwan-woo and Park In-gyu, both will hold 5.72% stake in Wysiwyg Studios Co., Ltd. The transaction is expected to close on September 30, 2021.