LIS Co., Ltd. (KOSDAQ:A138690) agreed to acquire 44% stake in TND Co., Ltd from Jaewoo Kim and Danin-dong for KRW 15.7 billion on June 24, 2021. Under the terms of transaction, LIS Co agrees to pay KRW 14 billion to Jaewoo Kim and KRW 1.6 billion to Danin-dong in form of convertible bonds and cash. LS Co will pay KRW 12.7 billion and KRW 1.5 billion convertible bonds and cash amount of KRW 1.3 billion and KRW 170 million to Jaewoo Kim and Danin-dong respectively. Payment of cash was made on August 23, 2021.The deal is expected to be completed by July 23, 2021 but now deal is expected to close on August 23, 2021. As of August 23, 2021, deal is expected to close on October 15, 2021.

LIS Co., Ltd. (KOSDAQ:A138690) cancelled the acquisition of 44% stake in TND Co., Ltd from Jaewoo Kim and Danin-dong on June 24, 2022.