E Investment&Development Co., Ltd. (KOSE:A093230) agreed to acquire 57% stake in RABBIT WALKS for KRW 13.2 billion on September 15, 2022. KRW 5.1 billion will pay in cash and KRW 8.1 billion will pay in Convertible bonds. As a part of transaction E Investment&Development Co., Ltd. is acquiring 22,800 shares.

For the year ended December 31, 2021 RABBIT WALKS reported Total assets of KRW 5.5 billion, Total stockholders equity of KRW 4.5 billon, Sales revenue of KRW 9.7 billion and Net profit of KRW 1.8 billon. The transaction is expected to complete on September 20, 2022.