EnGIS Technologies, Inc. (KOSDAQ:A208860) signed an agreement to acquire all of the business of Quros for KRW 1.1 billion on August 14, 2018. As consideration, a deposit of KRW 110 billion upon contract signing date and remaining balance of KRW 990 million will be paid on completion. During the financial year ended December 2017, All of the business of Quros reported sales of KRW 4.9 billion. General meeting of shareholders planed date is September 28, 2018. The transaction has been resolved by the Board of EnGIS Technologies, Inc. On September 28, 2018, shareholders of EnGIS Technologies approved the transaction in extraordinary shareholders' meeting. The transaction is expected to be completed on October 1, 2018. Saesidae Accounting Corporation acted as external rating institution in the transaction.