PATI Games Corporation (KOSDAQ:A194510) agreed to acquire 47.17% stake in SM Contents Investment Co., Ltd. for KRW 3 billion on April 20, 2017. Under the terms of the transaction, PATI Games Corporation will acquire 0.5 million shares representing 47.17% stake. During the financial year December 31, 2016, SM Contents Investment Co., Ltd. reported total assets of KRW 6.8 billion, net assets of KRW 6.4 billion, sales of KRW 2.3 billion and net profit of KRW 493 million. The transaction has been resolved by the Board of PATI Games Corporation. The transaction is expected to be completed on April 21, 2017.