SFC Co.,Ltd. (KOSDAQ:A112240) agreed to acquire Villy Inc. from Mobidays, Inc., Cornerstone E&M Co., Ltd. and K Cent Partners Co., Ltd. for KRW 11 billion on November 3, 2017. Under the terms of transaction, SFC Co.,Ltd. will acquire 2498 shares from Cornerstone E&M Co., Ltd. for KRW 4.6 billion, 1,865 shares from Mobidays, Inc. for KRW 3.4 billion and 1637 shares from K Cent Partners Co., Ltd. for KRW 3 billion. For the year ended December 31, 2016, Villy Inc. reported total assets of KRW 924 million, net assets of KRW 589 million, revenue of KRW 1.5 billion and net profit of KRW 674 million.

The transaction has been resolved by Board of SFC Co.,Ltd. The transaction is expected to be completed on November 3, 2017. Young Jin Accounting Corporation acted as external rating institution in the transaction.