Goldenpow Co. Ltd., an unknown individual and buyers entered into an agreement to acquire 15.68% stake in Gentro Co Ltd. (KOSE:A083660) from Byun, Moo-won and an individual shareholder for KRW 6.5 billion on April 3, 2013. The buyers will acquire approximately 1.21 million shares of Gentro at a price of KRW 5,353 per share and will also acquire approximately 0.9 million stock warrants of Gentro for KRW 271.28 million. A deposit of KRW 700 million be paid at the time of contract signing, a second payment of approximately KRW 3.16 billion will be made on April 16, 2013 and the remaining balance of KRW 2.9 billion will be paid two days before the extraordinary meeting of shareholders. The sellers will deposit the target shares to the law firm or Gentro's account negotiated with the buyers as soon as the buyers deposit second payment and the remaining balance. The transaction is expected to be completed on May 14, 2013.

Goldenpow Co. Ltd., an unknown individual and buyers completed the acquisition of 15.68% stake in Gentro Co Ltd. (KOSE:A083660) from Byun, Moo-won and an individual shareholder on April 24, 2013.