HEM Pharm Acquires 380,000 Shares from Nice Health Devices Corporation

HEM Pharm (376270) announced on June 19 that it acquired 380,000 shares from Nice Health Devices Corporation for 19,202,520,550 won. The transaction increased HEM Pharm's shareholding to 57.58%, with the shares acquired in cash comprising 100,000 common shares and 280,000 convertible preferred shares. HEM Pharm aims to secure control and create synergies to enhance corporate value. Based on its latest financial report, HEM Pharm's total assets amount to 518,342,844,800 won.