Carelabs Co., Ltd. (KOSDAQ:A263700) agreed to acquire 5.5% stake in Life Semantics on June 15, 2018. As per the terms, Carelabs will acquire 0.04 million existing shares of Life Semantics. In a related transaction, Carelabs will acquire 0.15 million new shares of Life Semantics. The consideration for both the transaction is KRW 6.4 billion. Post completion of both the transactions, Carelabs will hold 18.4% stake in Life Semantics. Life Semantics reported total assets of KRW 2.8 billion and net assets of KRW 813 million as of December 31, 2017 and revenues of KRW 2.5 billion, operating profit of KRW and net loss of KRW 3.6 billion for the year ended December 31, 2017. The transaction is resolved by the Board of Carelabs Co., Ltd. The transaction is expected to complete on June 19, 2018.

Carelabs Co., Ltd. (KOSDAQ:A263700) cancelled the acquisition of 5.5% stake in Life Semantics on June 15, 2019.