Rasae Co., Ltd. and New Future Co., Ltd. agreed to acquire 10.2% stake in i-Aurora CO., Ltd from IntroMedic Co., Ltd. (KOSDAQ:A150840) for KRW 5 billion on December 31, 2018. Under the terms of the transaction, IntroMedic will transfer 2,550 shares. Rasae Co., Ltd agreed to acquire1530 shares in i-Aurora CO., Ltd. Out of total consideration, KRW 250 million will be paid on December 31, 2018 and remaining on January 31, 2019. As on January 31, 2019, Out of total consideration, KRW 250 million paid as deposit on December 31, 2018 and remaining balance of KRW 4.75 billion will be paid on February 28, 2019. Rasae Co., Ltd. paid as deposit (KRW 150 million) on December 31, 2018 and remaining balance (KRW 2.85 billion) will be paid on February 28, 2019. As of March 18, 2019, Rasae Co., Ltd. paid as deposit (KRW 150 million) on December 31, 2018 and second installment of (KRW 1.35 billion) on March 13, 2019. and the remaining balance of (KRW 1.5 billion) on March 18, 2019. New Future Co., Ltd. paid as deposit (KRW 100 million) on December 31, 2018 and remaining balance (KRW 1.9 billion) will be paid on February 28, 2019. As of March 18, 2019, Rasae Co., Ltd completed acquisition of 1530 shares in i-Aurora CO., Ltd. For the year ended December 31, 2017, i-Aurora CO., Ltd reported total assets of KRW 6.7 billion, total capital of KRW 1.3 billion, sales of KRW 6.5 billion, and net loss of KRW 593 million. The transaction was resolved by the Board of IntroMedic Co., Ltd. on December 31, 2018. The transaction is expected to close on January 31, 2019. Jinil Accounting Corporation acted external rating institution. As on January 31, 2019, the transaction is expected to close on February 28, 2019. As on February 28, 2019, the transaction is expected to close on March 29, 2019.