An unknown buyer agreed to acquire 75% stake in UG Asset Co., Ltd. from Abpro Bio Co., Ltd. (KOSDAQ:A195990) for KRW 3.2 billion on October 25, 2019. As per the transaction, Abpro Bio Co., Ltd. will sell 0.75 million shares. The Board of Directors of Abpro Bio Co., Ltd. has passed the resolution on October 25, 2019. Transaction was scheduled to close on December 31, 2019 but after correction, it has been scheduled on December 26, 2019.