Nokwon C.I., Inc. (KOSDAQ:A065560) agreed to acquire Pureun Space Co., Ltd. from Kwanghyung Cho, Okhee Ko, and Kyumjin Ko for KRW 5.2 billion on November 6, 2017. Under the terms of the the transaction, Nokwon C.I., Inc. will acquire 0.05 million shares. Out of total consideration, KRW 4 billion will be paid in cash on November 6, 2017 and remaining will be offset against round 13 convertible bond of Nokwon C.I., Inc. The consideration will be paid on November 30, 2017. For the year ended December 31, 2016, Pureun Space Co., Ltd. reported total assets of KRW 8.4 billion, total capital of KRW 4.6 billion, sales of KRW 19.9 billion and net profit of KRW 552 million. The transaction was resolved by the Board of Directors of Nokwon C.I., Inc. The transaction is scheduled to close on November 21, 2017 which was later amended to November 29, 2017. The closing date of the transaction was amended and is now scheduled to close on November 30, 2017. Nokwon C.I., Inc. (KOSDAQ:A065560) completed the acquisition of Pureun Space Co., Ltd. from Kwanghyung Cho, Okhee Ko, and Kyumjin Ko on November 30, 2017.