Ubiquoss Holdings Inc. (KOSDAQ:A078070) made an offer to acquire an additional 39.03% stake in Ubiquoss Inc. (KOSDAQ:A264450) for KRW 44.4 billion on February 5, 2018. Ubiquoss Holdings Inc. made an offer to acquire 2 million shares at KRW 22,100 per share in stock. Ubiquoss Holdings Inc. will issue 6.6 million new shares as consideration under the offer. As of February 22, 2018, the terms got revised and as purchase consideration, 6.9 million shares will be issued. Post transaction, Ubiquoss Holdings Inc will hold 50.86% stake in Ubiquoss Inc. Tender offer period commences on February 26, 2018 and ends on March 19, 2018. Payment of consideration will be done on March 22, 2018. Mirae Asset Daewoo Securities Co. Ltd. acted as service management company to Ubiquoss Holdings Inc.

Ubiquoss Holdings Inc. (KOSDAQ:A078070) completed the acquisition of an additional 26.12% stake in Ubiquoss Inc. (KOSDAQ:A264450) for KRW 29.4 billion on March 19, 2018. Under the offer, 1.3 million shares of Ubiquoss Inc. were tendered and 4.6 million shares were issued as consideration. Upon completion, Ubiquoss Holdings Inc.'s stake in Ubiquoss Inc. increased from 11.83% to 37.95%.