Dayou A-Tech Co., Ltd. (KOSE:A002880) agreed to acquire 8.86% stake in Smarty Savings Bank from Dayou Plus Co., Ltd. (KOSE:A000300) for KRW 6.8 billion on December 12, 2016. Under the terms, Dayou Plus Co., Ltd. will sell 0.3 million shares and will use the proceeds of the sale to participate in the capital increase of its subsidiary, Dayou Global Co., Ltd. After completion of the transaction, Dayou Plus Co., Ltd. will hold 1.41 million shares, representing 41.53% stake in Smarty Savings Bank.

Dayou A-Tech Co.,Ltd (KOSE:A002880) cancelled the acquisition of 8.86% stake in Smarty Savings Bank from Dayou Plus Co.,Ltd (KOSE:A000300) on December 12, 2017.