Vitzrosys. Co., Ltd (KOSDAQ:A054220) agreed to acquire 15.79% stake in Mindcryption Inc. for KRW 6 billion on October 30, 2018. The payment will be made through issuance of Vitzrosys' 9th unregistered coupon private convertible bonds. A total of 0.24 million shares will be acquired as part of the deal. Mindcryption Inc. reported net assets of KRW 15.03 billion, total assets of KRW 20.12 billion, sales of KRW 400 million and net profit of KRW 39 million as of December 31, 2017. Board of Vitzrosys. Co., Ltd resolved in favor of the deal on the same date. Deal is expected to close by October 30, 2018. Vitzrosys. Co., Ltd (KOSDAQ:A054220) cancelled the acquisition of15.79% stake in Mindcryption Inc. for KRW 6 billion on October 30, 2019.