Dealdone Shares Co., Ltd. and six other unknown buyers signed a contract to acquire 36.04% stake in UGint Co.Ltd. (KOSDAQ:A195990) from Hyun-Woo Lee and 2 others for KRW 79.3 billion in cash on May 10, 2016. Under the terms of the deal, 8.6 million shares will be acquired at an offer per share of KRW 9222. Out of total consideration, KRW 7.9 billion will be paid as the deposit of the transaction upon signing of the contract, and the remaining balance will be paid in 3 days before the extraordinary meeting of shareholders. After the transaction, Dealdone Shares Co., Ltd will hold 10.55% stake representing 2.52 million shares of UGint Co.Ltd. The Board of Seven Star Works Co., Ltd, parent of Dealdone Shares passed a resolution for the transaction on May 10, 2016. The deal is expected to be closed on June 24, 2016. As of June 10, 2016, the transaction is expected to be completed on June 16, 2016.