Aurum Pentas Co., Ltd. and ABLAN Co., Ltd. entered into an agreement to acquire ARA English Co., Ltd. from GOLD&S Co.,Ltd (KOSDAQ:A035290) for KRW 2.9 billion on February 2, 2023. In the transaction, ABLAN Co., Ltd will acquire 76.1175% stake for KRW 2.2 billion and Aurum Pentas Co., Ltd will acquire 23.8825% stake for KRW 0.7 billion in ARA English. The deal is expected to close on February 28, 2023.

Aurum Pentas Co., Ltd. and ABLAN Co., Ltd. completed the acquisition of ARA English Co., Ltd. from GOLD&S Co.,Ltd (KOSDAQ:A035290) on February 28, 2023.