SP Systems Co.,Ltd. (KOSDAQ:A317830) agreed to acquire Micube solution Inc. from Woori Notic New Technology Fund managed by Woori Technology Investment Co., Ltd (KOSDAQ:A041190) and Tae-jong Kim for KRW 12.9 billion on May 17, 2021. SP Systems Co.,Ltd. will acquire 0.585 million preferred shares and 0.315 million common shares from Woori Notic New Technology Fund and 1.286 million common shares from Tae-jong Kim in Micube solution Inc. Micube solution Inc. reported total assets of KRW 9.11 billion, Total equity of KRW 3.38 billion, Sale of KRW 16.7 billion and net loss of KRW1.27 billion for the December 31, 2020. The board resolved the transaction on May 17, 2021.

The Scheduled date of acquisition is May 18, 2021.