Quinvir Investment Inc No.1 Private Fund signed a contract to acquire 10.67% stake in Fourth-link Inc. (KOSDAQ:A056730) from Kyle and Partners Co., Ltd. for KRW 7.1 billion on April 30, 2019. Quinvir Investment will acquire 4.9 million shares at KRW 1,443 each. KRW 4 billion will be paid as part of deposit and second payment. The balance of KRW 3.1 billion will be paid a day before the extraordinary meeting of shareholders or a separate date agreed. 2.8 million shares will be transferred on the contract signing date and 2.1 million shares will be transferred a day before the extraordinary meeting of shareholders or a separate date agreed. As on June 27, 2019, the balance payment date was modified. The balance payment of KRW 3.1 billion will be paid on July 31, 2019 or separate settlement date. Post transaction, Quinvir Investment will hold 10.67% stake and Kyle and Partners will hold none. KRW 4 billion will be funded from own funds. The transaction expected to close on April 30, 2019. 2.8 million shares were transferred on April 30, 2019. The balance transfer of 2.1 million shares will take place on July 31, 2019 or separate agreement date. Quinvir Investment Inc No.1 Private Fund completed the acquisition of 6% stake in Fourth-link Inc. (KOSDAQ:A056730) from Kyle and Partners Co., Ltd. for KRW 4 billion on April 30, 2019. 2.8 million shares were transferred for KRW 4 billion on April 30, 2019.