Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) agreed to acquire an additional 3.5% stake in S-MAC CO., Ltd. (KOSDAQ:A097780) from Aprogen Healthcare & Games Inc. (KOSDAQ:A109960) for KRW 10 billion on January 6, 2020. Under the agreement, Osung Advanced Materials Co., Ltd. will acquire additional 8 million shares at an offer price of KRW 1250 per share. Osung Advanced Materials Co., Ltd. shall pay KRW 1 billion on January 6, 2020 and remaining amount on January 15, 2020. As of January 31, 2020, balance payment will be done on February 28, 2020. Post completion, Osung Advanced Materials Co., Ltd. will hold 32.12 million shares representing 13.85% stake of S-MAC CO., Ltd. and Aprogen Healthcare & Games Inc. will hold 17.05 million shares representing 7.35% stake of S-MAC CO., Ltd. Board of Directors has passed the resolution on January 6, 2020. The transaction is expected to complete on January 31, 2020. As of January 31, 2020, transaction is expected to complete on February 28, 2020. As of February 27, 2020, transaction is expected to complete on March 31, 2020.

Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) cancelled the acquisition of an additional 3.5% stake in S-MAC CO., Ltd. (KOSDAQ:A097780) from Aprogen Healthcare & Games Inc. (KOSDAQ:A109960) on January 6, 2021.