LOEN Entertainment, Inc. (KOSDAQ:A016170) agreed to acquire 70% stake in A Cube Entertainment from Cube Entertainment Inc. (KOSDAQ:A182360) for KRW 12.6 billion on November 25, 2015. LOEN Entertainment, Inc. will acquire 7,000 shares of A Cube Entertainment in the deal. A Cube Entertainment had total assets of KRW 6.4 billion, revenues of KRW 6.5 billion and net profit of KRW 2.1 billion for the year ended December 31, 2014.

The resolution date of Board of Directors of LOEN Entertainment, Inc. is November 25, 2015 and the scheduled acquisition date is November 25, 2015.