Sambon Electronics Co.,Ltd (KOSDAQ:A111870) agreed to acquire Haru Entertainment Co., Ltd. for KRW 13 billion on August 12, 2020. As per terms of transaction, Sambon Electronics Co.,Ltd will pay KRW 1 billion in cash and 12 billion by issuing convertible bonds. Sambon Electronics Co.,Ltd will acquire 0.02 million shares of Haru Entertainment Co., Ltd. For the year ended December 31, 2019, Haru Entertainment Co., Ltd reported total assets of KRW 827 million, total equity of KRW 446 million, sales of KRW 1280 million and net income of KRW 161 million. Transaction is expected to complete on August 12, 2020.