KoMiCo Ltd. (KOSDAQ:A183300) agreed to acquire 47.84% stake in MiCo Ceramics Ltd. from MiCo Ltd. (KOSDAQ:A059090) for KRW 132 billion on May 30, 2023. The transaction will be funded from a mix of internal funds, borrowings, debt offset, and stock issuance. The transaction is expected to be closed on July 3, 2023.

KoMiCo Ltd. (KOSDAQ:A183300) completed the acquisition of 47.84% stake in MiCo Ceramics Ltd. from MiCo Ltd. (KOSDAQ:A059090) on July 3, 2023.