DECO&E Co.,Ltd. (KOSDAQ:A017680) agreed to acquire A9 Media Co.,Ltd. from Kimjonghak Production, Inc. for KRW 6 billion on July 4, 2018. Under the terms of transaction, DECO&E Co.,Ltd. will acquire 0.4 million shares of A9 Media Co.,Ltd. The consideration will be paid both by off-setting the convertible bonds of KRW 5.3 billion issued by DECO&E Co.,Ltd. and the remaining balance of KRW 700 million will be paid in cash. The remaining balance of KRW 700 million was earlier payable on July 31, 2018 and as per amendment on July 31, 2018, it will be paid on August 14, 2018. As per the amendment on August 14, 2018, the remaining balance of KRW 700 million will be paid on August 24, 2018. The cash portion of the consideration will be funded by retained funds of DECO&E Co.,Ltd. The transaction has been resolved by Board of DECO&E Co.,Ltd. The transaction is expected to be completed by July 4, 2018. Lian Accounting Corporation acted as external rating institution in the transaction. DECO&E Co.,Ltd. (KOSDAQ:A017680) completed the acquisition of A9 Media Co.,Ltd. from Kimjonghak Production, Inc. on August 24, 2018. The deposit of KRW 700 million was paid on August 24, 2018, in cash.