Telcon Co., Ltd. (KOSDAQ:A200230) acquired an additional 18.75% stake in Telcon Pharm Co., Ltd. from KPM TECH Co., Ltd. (KOSDAQ:A042040) for KRW 2.4 billion on March 8, 2018. Under the terms of the transaction, KPM TECH Co., Ltd sold 0.042 million shares of Telcon Pharm in exchange for the convertible bonds of Telcon Co., Ltd. the bonds have a coupon rate of 5% and will mature on March 8, 2021. The transaction is resolved by the Board of Telcon Co., Ltd.

Telcon Co., Ltd. (KOSDAQ:A200230) completed the acquisition of an additional 18.75% stake in Telcon Pharm Co., Ltd. from KPM TECH Co., Ltd. (KOSDAQ:A042040) on March 8, 2018.