Vespa Inc. (KOSDAQ:A299910) agreed to acquire Cocoon Games Co., Ltd. for KRW 8.1 billion on April 9, 2019. The consideration for the acquisition will be paid in cash. As of December 31, 2018, Cocoon Games Co., Ltd. reported total assets of KRW 192 million, total common equity of CNY 234 million, revenue of KRW 200 million and net loss of 938 million. Post acquisition, Cocoon Games Co., Ltd. will become subsidiary of Vespa Inc. The resolution date of board of directors of Vespa Inc. is April 9, 2019. The transaction is expected to close on April 9, 2019.