Lock&Lock Co., Ltd. (KOSE:A115390) agreed to acquire EMK Networks Co., Ltd. for KRW 14.5 billion on April 27, 2020. Under the terms of transaction, Lock&Lock initially plan to pay consideration in cash but later change it to Cash and stock for acquiring 4,285 shares which representing 100% stake in EMK Networks Co., Ltd. In the case of the Cash Acquisition, the payment of the balance may be changed to the issue of treasury shares and paid-in capital increase according to the principle or the situation when the balance is paid. The Board passed the resolution on April 27, 2020. On August 19, 2020, Board of directors re-determine the payment mode as Cash and stock. EMK networks The transaction is expected to close on September 23, 2020.