Innopaean Co., Ltd. acquired 20.01% stake in ISE Commerce Company Limited (KOSDAQ:A069920) from ISE Network Co., Ltd., Han Young Science Co. Ltd. and Saman Trading Co., Ltd. for KRW 29.8 billion on June 7, 2024. A cash consideration of KRW 20 million valued at KRW 5760 per share will be paid by Innopaean Co., Ltd. Innopaean Co., Ltd. will pay an earnout/contingent payment of KRW 29.75 billion cash. As part of consideration, KRW 29.77 billion is paid towards common equity of ISE Commerce Company Limited. The transaction will be financed through equity investment of KRW 16 billion, and debt of KRW 14 billion.

Innopaean Co., Ltd. completed the acquisition of 20.01% stake in ISE Commerce Company Limited (KOSDAQ:A069920) from ISE Network Co., Ltd., Han Young Science Co. Ltd. and Saman Trading Co., Ltd. on June 7, 2024