Blossom M&C Co., Ltd. (KOSDAQ:A263920) agreed to acquire 30% in Galaxia SM, Inc. (KOSE:A011420) from Junghwan Kim for KRW 6 billion on June 26, 2019. As per terms, 0.12 million shares will be acquired in lump sum payment on June 26, 2019. The consideration will be funded from internal resources. The board of Directors of Blossom M&C Co., Ltd. resolved the deal on June 26, 2019. The deal is expected to close on June 26, 2019.

Blossom M&C Co., Ltd. (KOSDAQ:A263920) cancelled the acquisition of 30% in Galaxia SM, Inc. (KOSE:A011420) from Junghwan Kim on June 26, 2020.