Kim Kyung Hyun and one other person agreed to acquire a 74% stake in PT Merdis International from Tri-Stage Inc. (TSE:2178) on September 14, 2021. Tri-Stage will be selling 436,600 common stock of PT Merdis to the buyers. For the fiscal year ending December 2020, PT Merdis International reported net assets of ¥621 million, total assets of ¥770 million, sales of ¥832 million, operating profit of ¥44 million, and net income of ¥34 million. The transaction is expected to close in October 2021.

Kim Kyung Hyun and one other person completed the acquisition of a 74% stake in PT Merdis International from Tri-Stage Inc. (TSE:2178) on September 14, 2022, which is an estimated completion deal.