CoreCross, Inc. (KOSDAQ:A038530) agreed to acquire 70.08% stake in Fi-ra Photonics Co., Ltd. from Finisar Sweden Holdings AB for KRW 3.8 billion on March 18, 2014. CoreCross, Inc. will purchase approximately 6.46 million shares of Fi-ra Photonics. CoreCross, Inc. will use its own funds for the acquisition.

Fi-ra Photonics reported total asset of KRW 33.7 billion for the year ending December 31, 2013. Board of Directors of CoreCross, Inc. resolved the transaction on March 18, 2014. The transaction is expected to close on March 31, 2014.