Fourth-Link Inc. (KOSDAQ:A056730) agreed to acquire 89.6% stake in B&M Holdings Co., Ltd. from PATI Games Corporation (KOSDAQ:A194510) and IMI Exchange LLC for KRW 120 billion on January 30, 2019. The payment will be made in cash. Fourth-Link Inc. will pay a deposit of KRW 12 billion to PATI Games Corporation on January 30, 2019.

Further, Fourth-Link Inc. will pay KRW 41.1 billion to PATI Games Corporation and KRW 66.933 billion to IMI Exchange LLC on March 22, 2019. Fourth-Link Inc. will use its own funds and external supply funds to fund the deal. As of December 31, 2018, B&M Holdings Co., Ltd. reported total assets of KRW 41.1 billion and total capital of 37.1 billion.

For the year ending December 31, 2018, B&M Holdings Co., Ltd. reported revenues of KRW 14.2 billion and net income of KRW 12.4 billion. The Board of Directors of Fourth-Link Inc. passed a resolution for the deal on January 30, 2019. The Board of Directors of PATI Games Corporation.

passed a resolution for the deal on January 30, 2019. The scheduled acquisition date is March 22, 2019. Gilin Accounting Corporation acted as external rating institution for the deal.

Gahyeon Accounting Corporation acted as external rating institution for PATI Games Corporation.