BTHMB HOLDINGS Pte. Ltd. agreed to acquire 23.24% stake in Combit Holdings Co., Ltd. from Vidente Co., Ltd. (KOSDAQ:A121800) for approximately KRW 120 billion on October 31, 2019. Out of total consideration, KRW 50 billion was paid on October 31, 2019 and the balance amount will be paid on November 22, 2019. BTHMB HOLDINGS will acquire 2,324 shares in Combit Holdings. Post completion, Vidente will hold 3,424 shares representing 34.24% stake in Combit Holdings. Combit Holdings had total assets of KRW 682.4 billion, net assets of KRW 364.7 billion, revenue of KRW 392 billion and net loss of KRW 121.4 billion in 2018. Transaction was resolved by the Board of Vidente. Transaction is expected to close on November 22, 2019.