Trinit Co., Ltd., Kims UBQ Consortium, Rufllex and KK Holdings Inc. agreed to acquire 20.6% stake in G-Smatt Global Co., Ltd. (KOSDAQ:A114570) from G-Smatt, Co., Ltd. for KRW 46 billion on September 20, 2018. Under the terms, Trinit, Kims UBQ Consortium, Rufllex and KK Holdings will acquire 4.33 million shares at KRW 10,600 per share. After amendment on November 6, 2018, Trinit, Kims UBQ Consortium, Rufllex, KK Holdings Inc and K-Green Energy Co., Ltd. will acquire 4.33 million shares at KRW 10,027 per share amounted to KRW 44 billion. Of the total consideration, KRW 16 billion will be paid on signing of the agreement and the remaining KRW 29.9 billion will be paid after the extraordinary shareholders' meeting of G-Smatt Global Co., Ltd scheduled on November 6, 2018. Trinit will acquire 1.3 million shares, Kims UBQ Consortium will acquire 0.66 million shares, KK Holdings will acquire 1.25 million shares and Rufllex will acquire 1.14 million shares of G-Smatt Global. After amendment on November 6, Rufllex will acquire 0.75 million shares and K-Green Energy Co., Ltd. will acquire 0.39 million shares of G-Smatt Global. As per a new amendment on November 6, 2018, K Green Energy Co., Ltd. has been replaced with Huijun C&C Co., Ltd. as the buyer. Also, now Huijun C&C Co., Ltd. will acquire 1.61% stake instead of K Green Energy Co., Ltd. acquiring 1.8% stake and Kims UBQ Consortium will now acquire 0.7 million shares instead of 0.66 million shares of G-Smatt Global Co., Ltd. On November 6, 2018, after amendment, second payment of KRW 7 billion will be paid on November 7, 2018 and balance of KRW 20.5 billion will be paid on December 4, 2018. As per the amendment report dated December 4, 2018, the balance of KRW 20.5 billion will be paid on December 27, 2018. As per the new amendment dated December 27, 2018, balance of KRW 20.5 million will be paid on installment KRW 2 billion will be paid on December 28, 2018, KRW 8.7 billion will be paid on January 15, 2019 and KRW 9.8 billion will be paid on February 15, 2019. As per amendment dated December 4, 2018, the outstanding shares of G-Smatt Global Co., Ltd. got increased to 87.2 million and number of shares acquired in the transaction got revised to 17.4 million. As of January 15, 2019, the installment of KRW 8.7 billion which will be paid on January 15, 2019 will be paid on January 17, 2019. As of January 17, 2019, the installment of KRW 8.7 billion will be paid on January 25, 2019. The transaction is resolved by the Board of G-Smatt, Co., Ltd. Rufllex and KK Holdings Inc completed the acquisition of 3.2% stake and 5.94% stake (respectively in G-Smatt Global Co., Ltd. from G-Smatt, Co., Ltd at KRW 8000 per share each on September 20, 2018. The transaction is expected to complete on November 6, 2018. As of November 6, 2018, transaction is expected to complete on December 4, 2018. As per the amendment report dated December 4, 2018, the transaction is expected to be complete by December 27, 2018. As per the amendment report dated December 27, 2018, the transaction is expected to complete by January 15, 2019. As per the amendment on January 15, 2019, transaction will be closed on January 17, 2019. As per the amendment on January 17, 2019, transaction will be closed on January 25, 2019. Trinit Co., Ltd., Kims UBQ Consortium, Rufllex and KK Holdings Inc. completed the acquisition of 20.6% stake in G-Smatt Global Co., Ltd. (KOSDAQ:A114570) from G-Smatt, Co., Ltd. on January 24, 2019. As per the announcement on January 25, 2019, the 4th payment of KRW 8 billion was made on January 24, 2019 and the balance amount of KRW 10.5 billion will be paid on February 15, 2019. As of January 24, 2019, 5.15 million shares of G-Smatt Global were transferred. As per the amendment article dated February 15, 2019, a payment of KRW 2.5 billion shall be paid on February 20, 2019 and balance of KRW 8 billion shall be paid on March 15, 2019. As on February 20, 2019, the sixth payment of KRW 1.3 billion will be made on February 20, 2019 and the balance payment of KRW 9.2 billion will be made on March 15, 2019.