Enfo Space Co., Ltd. agreed to acquire 11.50% stake in DAVOLINK Inc. (KOSDAQ:A340360) from TERA SCIENCE.Co.,LTD (KOSDAQ:A073640) for KRW 10.9 billion on June 7, 2024. A cash consideration of KRW 10.98 billion will be paid by Enfo Space to acquire 4,991,847 shares. The expected completion of the transaction is July 8, 2024.

Enfo Space Co., Ltd. cancelled the acquisition of 11.50% stake in DAVOLINK Inc. (KOSDAQ:A340360) from TERA SCIENCE.Co.,LTD (KOSDAQ:A073640) on July 8, 2024.