Korea Renewable Power & Energy Corporation (KOSDAQ:A060900) agreed to acquire 18.18% stake in Acro Labs Co., Ltd for KRW 2.4 billion on August 21, 2019. Transaction will be financed by issuance of convertible bonds of KRW 5 billion. Completion is expected on August 28, 2019. Korea Renewable Power & Energy Corporation (KOSDAQ:A060900) completed the acquisition of 18.18% stake in Acro Labs Co., Ltd on August 28, 2019. As of 2018, Acro Labs reported total assets of KRW 481 million, shareholder's equity of KRW 263 million, revenue of KRW 400 million and net profit of KRW 63 million.