Visang Education Inc (KOSE:A100220) signed the merger agreement to acquire remaining 15% stake in Visang ESN Inc. from ATVentures, Inc., Jeong, Jae-Hoo and 24 other individuals for approximately KRW 360 million in stock on January 28, 2013. Visang Education will pay 0.4440147 shares for each Visang ESN share. After the transaction Visang ESN Inc. will be dissolved and Visang Education will exist. The Visang Education common stocks to be issued upon merger will be listed on Korea Exchange Stock Market on April 26, 2013. For the year ending December 31, 2012, Visang ESN Inc. had total assets of KRW 12.18 million, Total stockholders equity of KRW 2.44 million. The general meeting of shareholders of Visang Education and Visang ESN for merger approval will be held on February 27, 2013. The transaction was resolved by Board of Directors of Visang Education and Visang ESN on January 28, 2013. The transaction is expected to be completed on April 3, 2013.

Visang Education Inc (KOSE:A100220) completed the acquisition of remaining 15% stake in Visang ESN Inc. from ATVentures, Inc., Jeong, Jae-Hoo and 24 other individuals on April 2, 2013.