Metalabs Co., Ltd. (KOSE:A090370) agreed to acquire additional 37.28333% stake in Momolabs Co., Ltd. for KRW 3.7 billion on April 20, 2023. The consideration to be paid in cash. 22,370 Number of stocks is acquiring in Momolabs.

Post transaction Metalabs holds 33,510 shares in Momolabs. With the acquisition of the above stocks, the Momolabs will be newly incorporated as a consolidated subsidiary of the Metalabs. For current year i.e., March, 2023, Momolabs has total Assets of KRW 1.395 billion, Net Income of KRW 56 million and sales revenue of KRW 2.525 billion.

The transaction is expected to close on April 20, 2023.