Melfas Inc. (KOSDAQ:A096640) agreed to acquire Giant Media Co., Ltd. from Choi Hyung -il for KRW 11.5 billion on December 28, 2022. The transaction will be funded from internal funds and proceeds of capital increase. The transaction is expected to close on March 31, 2023. As of January 26, 2023, The transaction is expected to close on February 10, 2023.

Melfas Inc. (KOSDAQ:A096640) completed the acquisition of Giant Media Co., Ltd. from Choi Hyung -il on February 10, 2023.