EnGIS Technologies, Inc. (KOSDAQ:A208860) acquired 50.89% stake in Melcon Co.,Ltd. from a group of sellers for KRW 29.9 billion on December 13, 2019. The consideration is paid in cash to acquire approximately 0.1 million shares. of which KRW 3 billion will be adjusted from consideration which was paid as due diligence deposit on October 25, 2019 and remaining KRW 26.9 billion on completion. EnGIS Technologies, Inc. acquired approximately 0.08 million shares from Kim, Dong Heon for KRW 24.3 billion, 5000 shares from No, Su Keun for KRW 1.5 billion, 4750 shares from Lee Jeongdae KRW 1.4 billion, 4270 shares from Yoon, Sook for KRW 1.3 billion, 1100 shares from Moon, Soon-seok for KRW 320 million, 500 from Kim, Kwon Soo for KRW 150 million, 2410 from Lee, Heedong for KRW KRW 700 million, 1000 from Jung, Chan Soo for KRW 290 million and 200 each from Kim, Jiyoon and Kim, Hojun for KRW 58.9 million. For the year ending December 31, 2018, total asset, total debt, total common equity, revenue and net income of Melcon Co.,Ltd. was KRW 38.8 billion, KRW 9.4 billion, KRW 29.4 billion, KRW 37.3 billion and KRW 7.3 billion respectively. Nexia-Samduk acted as an external evaluator for the acquisition. EnGIS Technologies, Inc. (KOSDAQ:A208860) completed the acquisition of 50.89% stake in Melcon Co.,Ltd. from a group of sellers on December 13, 2019.