Jiangsu Yawei Scientific & Technological Investment Co., Ltd. acquired 22.2% stake in LIS Co., Ltd. (KOSDAQ:A138690) from Sooin Cosmetics Co., Ltd. and B&B Investment Co., Ltd. for KRW 66.3 billion on May 16, 2019. Under the terms of the transaction, Jiangsu Yawei Scientific & Technological Investment Co., Ltd. acquired 3.5 million shares at KRW 0.02 million per share. Under the terms, the consideration will be paid as execution guarantee deposit which will be paid within 10 business days from the contract signing to the escrow account designated by the Sooin Cosmetics and B&B Investment. As per the amendment report on May 30, 2019, the consideration will be paid as deposit which is paid on May 30, 2019. The transaction was financed from own funds. Jiangsu Yawei Scientific & Technological Investment Co., Ltd. completed the acquisition of 22.2% stake in LIS Co., Ltd. (KOSDAQ:A138690) from Sooin Cosmetics Co., Ltd. and B&B Investment Co., Ltd. on May 16, 2019.