Tongxin Semiconductor Limited signed a contract to acquire 15.88% stake in Fidelix Co., Ltd. (KOSDAQ:A032580) from Seung-Han Ahn, Tae-Hwa Ha and Seok-Heon Jang for KRW 8.5 billion on April 22, 2015. Tongxin Semiconductor Limited will acquire 2.9 million shares of Fidelix Co., Ltd. for KRW 2924 per share. Tongxin Semiconductor Limited will pay a deposit of KRW 424 million on May 22, 2015 and the balance of KRW 8.1 billion on June 30, 2015.

The transaction is expected to complete on June 30, 2015.