ED Co., Ltd. (KOSDAQ:A033110) agreed to acquire 50.2% stake in Fi-ra Photonics Co.,Ltd from Daekwang Global Co., Ltd. and Soonno Lee for KRW 6 billion on August 8, 2018. Under the terms of transaction, ED Co., Ltd. will acquire 3.1 million shares, ED Co., and will pay with 17th unregistered unguaranteed private convertible bond of KRW 5 billion to Daekwang Global Co., Ltd. and cash of KRW 1 billion to Soonno Lee on August 8, 2018. For the year ended December 31, 2017, Fi-ra Photonics Co.,Ltd had total assets of KRW 14.1 billion, net assets of KRW 6.4 billion, sales of KRW 12.2 billion and net profit of KRW 447 million. The transaction has been resolved by the Board of ED Co., Ltd. The transaction is expected to be completed by August 8, 2018. Shinwoo Accounting Corporation acted as external rating institution in the transaction. ED Co., Ltd. (KOSDAQ:A033110) completed the acquisition of 50.2% stake in Fi-ra Photonics Co.,Ltd from Daekwang Global Co., Ltd. and Soonno Lee on August 8, 2018.