Selvas AI Inc. (KOSDAQ:A108860) agreed to acquire additional 15.3% in SELVAS Healthcare, Inc. (KOSDAQ:A208370) for KRW 4.5 billion on December 11, 2019. As per terms, additional 2.3 million shares will be acquired at KRW 1,964 in cash. Post completion, Selvas AI Inc. will hold 11.4 million shares in SELVAS Healthcare, Inc. The Board of Directors of Selvas AI Inc. resolved the transaction on December 11, 2019. The deal is expected to close on December 27, 2019.

Selvas AI Inc. (KOSDAQ:A108860) cancelled the acquisition of additional 15.3% in SELVAS Healthcare, Inc. (KOSDAQ:A208370) on December 11, 2020.