Lumify Inc. agreed to acquire Dongbu Lightec Canada Inc. from DB Lightec Co., Ltd. (KOSDAQ:A045890) and RAKU CORPORATION for CAD 55 million on January 9, 2018. Lumify will pay CAD 24.5 million in cash and CAD 3 million in bill maturity on March 31, 2023, to DB Lightec for sale of 1 million shares representing 50% stake in Dongbu Lightec. The price will be adjusted compare to 2018 performance based on the sales date. Dongbu Lightec Canada reported a revenue of KRW 23.9 billion (CAD 27 million), total assets of KRW 24.2 billion (CAD 27.3 million), total common equity of KRW 22 billion (CAD 24.8 million) and net profit of 7.8 billion (CAD 8.8 million) for the year ended on June 30, 2017. DB Lightec approved the sale resolution.