Cosmax BTI, Inc. (KOSE:A044820) agreed to acquire 46.73% stake in Nutribiotech Co., Ltd. from Kaffa Int Co. Limited for KRW 18.3 billion on May 13, 2014. In the deal Cosmax BTI, Inc. will acquire approximately 1.92 million shares.

For 2013, Nutribiotech Co., Ltd. reported total assets of KRW 33.66 billion, total liabilites of KRW 22.75 billion and total stock holders equity of KRW 9.91 billion. The transaction is expected to close on June 30, 2014. Jeong-Yong Kim of Lian Accounting Corporation acted as external valuation agency.