MAXST Co., Ltd. (KOSDAQ:A377030) agreed to acquire Il4u Co., Ltd. from Business Insight for KRW 16.8 billion on December 28, 2023. The consideration consists of KRW 16.8 billion in cash. As part of the consideration, KRW 16.8 billion was paid towards common equity. The transaction was resolved by the Board of Directors of Il4u Co., Ltd. Il4u Co., Ltd reported total assets of KRW 17.8 billion, total debt of KRW 6.5 billion, total capital of KRW 11.3 billion, sales of KRW 50.1 billion and net income of KRW 3.3 billion for the year ending December 2022. The transaction is expected to complete on January 9, 2024.

MAXST Co., Ltd. (KOSDAQ:A377030) completed the acquisition of Il4u Co., Ltd. from Business Insight on January 9, 2024.