DS Nurim Co., Ltd. agreed to acquire 9.94% stake in Biolog Device Co., Ltd. (KOSDAQ:A208710) from ENPLUS Co., Ltd. (KOSE:A074610) for KRW 15 billion on June 30, 2023. As reported, ENPLUS Co., Ltd will transfer 4.2 million shares in Biolog Device Co., Ltd. for a cash consideration. 10.67% of the total purchase price, amounting to KRW 1.6 billion will be paid as a down payment on June 30, 2023 and balance of 89.33% of the purchase price amounting to KRW 13.4 billion is scheduled to be paid on September 4, 2023 when shares will be transferred. Following the sale, ENPLUS Co. will hold no stake in Biolog Device Co. The Board of Directors of ENPLUS Co. will resolve the transaction on Sep 30, 2023. The expected date of transfer is September 4, 2023.

DS Nurim Co., Ltd. Completed the acquisition of 9.94% stake in Biolog Device Co., Ltd. (KOSDAQ:A208710) from ENPLUS Co., Ltd. (KOSE:A074610) on September 4, 2023. Transaction was financed by it's own funds.