Hanchang Corporation (KOSE:A005110) agreed to acquire BTOB Networks Co., Ltd. from G.U ON Co., Ltd. (KOSDAQ:A111820) for KRW 7.4 billion on June 29, 2022. The BTOB Networks had total assets of KRW 2.32 billion, total equity of KRW 1.07 billion and total debt of KRW 1.25 billion, for current year starting as of January 1, 2022. The transaction is scheduled to close on September 15, 2022.