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.