Monalisa Co., Ltd (KOSE:A012690) agreed to acquire 16.88% stake in Joongwon Co., Ltd. from Value Brand Korea No.1 Private Equity Fund for KRW 8.9 billion on January 17, 2020. As a part of the transaction Monalisa will acquire 0.016 million shares of Joongwon for cash consideration. Transaction will be financed from reserved funds and borrowings. KPMG Samjong Accounting Corp. provided due diligence to Monalisa Co., Ltd (KOSE:A012690) in the transaction. Monalisa Co., Ltd (KOSE:A012690) completed the acquisition of 16.88% stake in Joongwon Co., Ltd. from Value Brand Korea No.1 Private Equity Fund on February 20, 2020