Vitzrosys. Co., Ltd (KOSDAQ:A054220) agreed to acquire Sangrim ENG Co., Ltd from Park, Tae Jun and 7 others for KRW 4.5 billion on March 20, 2023. The consideration to be paid in cash.

Vitzrosys acquiring 0.1 million of shares. 50% of the acquisition amount is paid on the contract signing and Payment of the balance of the acquisition amount on the transaction closing date. Financials of previous year of Sangrim ENG are total assets of KRW 5.465 billion, sales of KRW 14.375 billion and net loss of KRW 13 million.

The transaction is expected to close on April 1, 2023.