Sugentech Incorporate (XKON:A253840) entered into a contract to acquire K-MAC BIO CENTER Corp. from Korea Materials & Analysis Corp. (KOSDAQ:A043290) for KRW 16.7 billion on June 15, 2017. As reported, Sugentech acquired 1 million shares in K-MAC BIO CENTER. The payment will be made to the specified deposit account on the contract date of June 15, 2017. As on May 1, 2017, K-MAC BIO CENTER Corp. reported total assets of KRW 17.56 billion and total common equity of KRW 16.76 billion. The transaction has been resolved by the Board of Korea Materials & Analysis Corp. Barun Accounting Corporation acted as external rating institution in the transaction.

Sugentech Incorporate (XKON:A253840) completed the acquisition of K-MAC BIO CENTER Corp. from Korea Materials & Analysis Corp. (KOSDAQ:A043290) on July 15, 2017.