INNOVEX Company Limited (XKON:A279060) signed a contract to acquire Cycler Business from Yuyangbi Co., Ltd. for KRW 690 million on June 30, 2021. As per terms, INNOVEX Company Limited shall pay KRW 400 million on June 30, 2021, at the time of contract and remaining KRW 292 million on August 19, 2021. The transaction is subjected to be resolved by shareholders of INNOVEX at the general meeting to be held on August 19, 2021. The transaction is expected to close on August 19, 2021.