EnGIS Technologies, Inc. (KOSDAQ:A208860) acquired Images Systems Co., Ltd. from Junghyun Lee, Seongyeol Bae, Changmin Lee, eonyeong Wang, golden head and Daejung Hwang for approximately KRW 13 billion on May 4, 2023. Consideration consists of KRW 8.4 billion cash payment and KRW 4.6 billion will be paid subject to the acquisition of convertible bonds issued. As part of transaction, 112,106 shares were acquired. Out of total shares acquired, 96,070 shares were acquired from Junghyun Lee, 5,254 shares from Seongyeol Bae, 5,254 shares from Changmin Lee, 2,829 shares from Seonyeong Wang, 1,677 shares from golden head and 1,022 shares from Daejung Hwang. For Period ended 2022, Images Systems reported total assets of KRW 3.5 billion, total capital of KRW 2.3 billion and Net income of KRW 1.5 billion.

EnGIS Technologies, Inc. (KOSDAQ:A208860) completed the acquisition of Images Systems Co., Ltd. from Junghyun Lee, Seongyeol Bae, Changmin Lee, eonyeong Wang, golden head and Daejung Hwang on May 4, 2023.