PT Sinar Mas Group agreed to acquire 25.36% stake in Arion Technology Inc. (KOSDAQ:A058220) from Gemini Investment Corporation (KOSDAQ:A019570) and Gemini Value Fund No. 1, managed by Gemini Investment Corporation (KOSDAQ:A019570) for approximately KRW 10.5 billion on December 6, 2016. As per the terms of agreement Gemini Investment Corporation (KOSDAQ:A019570) will sell 0.23 million shares and Gemini Value Fund No. 1 will sell 2.61 million shares. A deposit of KRW 1.2 billion was paid on the date of the agreement and the balance of KRW 9.3 billion will be paid on December 23, 2016. The transaction is expected to complete on December 23, 2016.

PT Sinar Mas Group completed the acquisition of 25.36% stake in Arion Technology Inc. (KOSDAQ:A058220) from Gemini Investment Corporation (KOSDAQ:A019570) and Gemini Value Fund No. 1, managed by Gemini Investment Corporation (KOSDAQ:A019570) on December 26, 2016.