DUAL Industrial. Co., Ltd. (KOSDAQ:A078590) agreed to acquire DUAL Moolsan Co., Ltd. from Inhoi Cho and an unknown seller for KRW 12.5 billion on November 6, 2018. The agreement for th transaction is signed on November 7, 2018. Under the terms, DUAL Industrial. Co., Ltd. will acquire 0.8 million shares, representing 100% stake in DUAL Moolsan Co., Ltd at KRW 15625 per share. As consideration, KRW 1.25 billion will be paid on the contract signing date and the remaining balance of KRW 11.25 billion will be paid on closing date of transaction or November 13, 2018, whichever comes earlier. For the year ended 2017, DUAL Moolsan Co., Ltd. had total assets of KRW 14.3 billion, total capital of KRW 4.3 billion, sales of KRW 26.7 billion and net profit of KRW 908 million. The transaction was resolved by the Board of Directors of DUAL Industrial. Co., Ltd. on November 6, 2018 and is expected to close on November 13, 2018. PricewaterhouseCoopers Korea acted as an external rating institution in the transaction. DUAL Industrial. Co., Ltd. (KOSDAQ:A078590) completed the acquisition of DUAL Moolsan Co., Ltd. from Inhoi Cho and an unknown seller on November 13, 2018. The deposit and the balance payment have been paid.