Vitzro Tech Co., Ltd. (KOSDAQ:A042370) agreed to acquire 96.87% stake in Vitzro Miltech Co., Ltd. from Jang, Taek-Soo and Jang, Beom-Su for KRW 4.4 billion on July 27, 2016. Vitzro Tech will acquire 0.02 million shares from Jang, Taek-Soo by issuing 0.05 million shares and acquire 0.33 million shares from Jang, Beom-Su by issuing 0.98 million shares. In related transactions, Vitzro Tech Co., Ltd. agreed to acquire 14.23% stake in Vitzrocell Co., Ltd and 100% stake in Vitzro Materials Co., Ltd. on July 27, 2016. The transaction is expected to complete on September 1, 2016.