Real & Invest Development Co., Ltd. agreed to acquire 9.734365% stake in TOBESOFT Co., Ltd. (KOSDAQ:A079970) from Noble M&B Co., Ltd. (KOSDAQ:A106520) for KRW 6.5 billion on April 21, 2023. The transaction has been financed from its own funds of KRW 10 billion. The transaction is expected to close on May 31, 2023.

As of May 11, 2023 Transaction is expected to close on May 15, 2023. As of June 20, 2023, The transaction is financed by individual and corporate investors amount KRW 6.5 billion from the period of April 20, 2023, to June 30, 2024. KRW 3 billion down payment (April 21, 2023) and 4 billion interim payments ( May 2, 2023) is the date on which a total of 6,777,893 shares were transferred to Noble M&B Co., Ltd.