Joymax Company Ltd. (KOSDAQ:A101730) agreed to acquire remaining 40% stake in Link Tomorrow Co.Ltd from Gil-Hyoung Lee, Chang-Hwan Heo, Hyoung-Bin Lee and Bong Ki Seo for KRW 48 billion in stock on April 18, 2014. Joymax and Link Tomorrow will have a merger ratio of 1:6.9598795. 1.5 million new shares will be issued for the merger. Gil-Hyoung Lee will sell 26.35%, Chang-Hwan Heo will sell 10.8%, Hyoung-Bin Lee will sell 1.71% and Bong Ki Seo will sell 1.14% in Link Tomorrow. Post merger, Link Tomorrow will get merged with Joymax. As of December 31, 2013, Link Tomorrow has total assets of KRW 22.6 billion and total stockholders' equity of KRW 19.9 billion. The transaction has been approved by shareholders of Joymax Company on May 30, 2014.

Joymax Company Ltd. (KOSDAQ:A101730) completed the acquisition of remaining 40% stake in Link Tomorrow Co.Ltd from Gil-Hyoung Lee, Chang-Hwan Heo, Hyoung-Bin Lee and Bong Ki Seo on July 1, 2014.