Selvas AI Inc. (KOSDAQ:A108860) agreed to acquire a 32% stake in MEDIANA Co.,Ltd (KOSDAQ:A041920) from Gil Mun Jong for KRW 73.22 billion on November 20, 2023. Following the transaction, Gil Mun Jong will hold 5.51% stake, representing 881,508 shares in MEDIANA. The company's management rights will be transferred by appointing directors and auditors designated by Selvas AI Co., Ltd. at an extraordinary general meeting of shareholders convened after signing the contract.

The scheduled transaction closing date will be January 8, 2024, extraordinary shareholders' meeting date.