NextEye Co., Ltd. (KOSDAQ:A137940) agreed to acquire NEW&NEW Co. Ltd. for KRW 6.9 billion on October 19, 2016. Under the terms of the transaction, NextEye Co. will acquire 90,900 shares of NEW&NEW Co., wherein NextEye acquired redeemable convertible preferred stock of 77,900 shares and common stock of 13,000 shares. NEW&NEW Co. Ltd. reported total assets of CNY 14.91 million and revenue of CNY 10.81 million for the year ended December 31, 2015. The transaction has been resolved by the Board of Directors of NextEye Co., Ltd. on October 19, 2016. The transaction is expected to complete on November 18, 2016.