DA Technology Co.,Ltd. (KOSDAQ:A196490) agreed to acquire 25.9% stake in Wizdome inc. from Oasis Holdings Co., Ltd. and Sangwoo Han for KRW 38 billion on October 12, 2018. Under the terms of the transaction, DA Technology will acquire 0.46 million shares of Wizdome of which Oasis Holdings Co., Ltd. will sell 0.41 million and Sangwoo Han will sell 0.04 million shares of Wizdome. The consideration will be paid in cash. Of the total consideration, KRW 10 billion will be paid to Oasis Holdings Co., Ltd and KRW 3 billion to Sangwoo Han as deposit on October 12, 2018 and the remaining KRW 24.3 billion will be paid to Oasis Holdings Co., Ltd. and KRW 699.7 million will be paid to Sangwoo Han on completion. On the deposit payment date, Oasis Holdings Co., Ltd will transfer 0.12 million shares of Wizdome and Sangwoo Han will transfer 0.03 million shares of Wizdome and 0.29 million shares of Wizdome will be transferred by Oasis Holdings Co., Ltd. and 0. 0.008 million shares of Wizdome will be transferred by Sangwoo Han on completion. Wizdome reported total assets of KRW 46.8 billion and net assets of KRW 11 billion as of December 31, 2017 and revenues of KRW 16.2 billion and net loss of KRW 2.6 billion for the year ended December 31, 2017. The transaction is resolved by the board of DA Technology Co.,Ltd. The transaction is expected to close on October 16, 2018. Lian Accounting Corporation acted as external rating institution.