UGint Co., Ltd. (KOSDAQ:A195990) agreed to acquire 46.2% stake in Atomic Creative Technology Co., Ltd. for KRW 8 billion on March 13, 2018. UGint Co., Ltd. will acquire 0.07 million shares in Atomic Creative Technology Co., Ltd. through this transaction. The consideration will be paid in cash and through issuance of convertible bonds. Under the terms of the transaction, UGint Co., Ltd. will pay KRW 400 million in cash on March 13, 2018, KRW 400 million in cash on March 16, 2018, KRW 4 billion through issuance of convertible bonds on March 30, 2018, and remaining KRW 3.2 billion in cash on April 20, 2018. As per new amendment terms of the transaction on April 20, 2018, UGint Co., Ltd. will pay CNY 400 million in cash on March 13, 2018, CNY 4 billion through issuance of convertible bonds on March 30, 2018 and remaining CNY 2.8 billion on April 30, 2018. As of amendment on April 30, 2018, the final payment will be paid through KRW 632.78 million in cash and KRW 2.2 billion in convertible bonds. On April 30, 2018, KRW 2.2 billion of convertible bonds were issued. For the year ended December 31, 2017, in Atomic Creative Technology Co., Ltd. reported total assets of KRW 7.6 billion, total capital of KRW 5.2 billion, sales of KRW 3.8 billion, and net profit of KRW 28 million. The transaction was resolved by the Board of Directors of UGint Co., Ltd. of March 13, 2018. The transaction is expected to close on April 20, 2018. The transaction is expected to be completed on April 30, 2018.