CTGen Co.,Ltd. (KOSDAQ:A036170) agreed to acquire 21.94% stake in Taeil Co., Ltd. from Dohyun Park, Juhyun Park and Junghyun Park for KRW 12.9 billion on July 9, 2019. Gen Co.,Ltd. will pay KRW 1.29 billion on July 9, 2019 and balance of KRW 11.7 billion will be paid on September 30, 2019. As of August 5, 2019, the balance will be paid on August 5, 2019. CTGen Co.,Ltd. will acquire 0.15 million shares of Taeil Co., Ltd. Dohyun Park will sell 0.06 million shares for KRW 5.55 billion, Juhyun Park will sell 0.06 million shares for KRW 5.54 billion and Junghyun Park will sell 0.02 million shares for KRW 1.86 billion. CTCTGen Co.,Ltd. will self fund the transaction. The Board of Directors passed a resolution for the transaction on July 9, 2019. The transaction is expected to be completed on September 30, 2019. As of August 5, 2019, the transaction is expected to be completed on balance payment date and the closing date shall be the date when the share transfer and payment process are complete. CTGen Co.,Ltd. (KOSDAQ:A036170) completed the acquisition of 21.94% stake in Taeil Co., Ltd. from Dohyun Park, Juhyun Park and Junghyun Park on August 5, 2019.