Kyung Nam Pharm Co.,Ltd. (KOSDAQ:A053950), Virtualtek Corp (KOSDAQ:A036620) and Ventage Partners Co., Ltd. agreed to acquire 9.32% stake in Livefinancial Co.,Ltd. (KOSDAQ:A036170) for KRW 5.8 billion on July 16, 2020. Under the transaction, Kyung Nam Pharm Co.,Ltd. will acquire additional 1.65 million shares representing 4.14% stake for KRW 2.56 billion, Virtualtek Corp will acquire 1.09 million shares representing 2.75% stake for KRW 1.7 billion and Ventage Partners Co., Ltd. will acquire 0.96 million shares representing 2.42% stake for KRW 1.5 billion. As on July 16, 2020, Kyung Nam Pharm completed the acquisition of 1.65 million shares for KRW 2.56 billion and now holds 2.56 million shares, representing 6.45% stake in Livefinancial.

The transaction is expected to complete on July 17, 2020.