ESA Co., Ltd. (KOSDAQ:A052190) agreed to acquire Kimjonghak Production, Inc from Chorokbaem Media Co., Ltd. (KOSDAQ:A047820) for KRW 15 billion on August 28, 2018. Under the terms, ESA Co., Ltd will acquire 0.71 million shares of Kimjonghak Production. The consideration is paid in cash on August 28, 2018. Kimjonghak Production, Inc reported total assets of KRW 34.02 million, net assets of KRW 24.3 million, sales of KRW 30.54 million and net profit of current period of KRW 4,000 in 2017. The transaction has been resolved by the Board of Directors of ESA Co., Ltd at the meeting held on August 28, 2018. The transaction is expected to be completed by August 28, 2018. Lian Accounting Corporation and Charm Accounting Corporation acted as external rating institution in the transaction.

ESA Co., Ltd. (KOSDAQ:A052190) cancelled the acquisition of Kimjonghak Production, Inc from Chorokbaem Media Co., Ltd. (KOSDAQ:A047820) on August 28, 2019.