An unknown buyer signed a contract to acquire 7.6% stake in U-Tech Co.,Ltd (KOSDAQ:A178780) from Bong-Geun Yoo for KRW 7 billion on August 16, 2016. Bong-Geun Yoo will sell 0.78 million shares of U-Tech Co.,Ltd at a price per share of KRW 9,020. A deposit of KRW 700 million has been paid on August 16, 2016 and 0.08 million shares of U-Tech Co have been transferred. The balance amount of KRW 6.3 billion will be paid on September 16, 2016 and 0.7 million shares will be transferred as part of the deal on September 16, 2016. As of September 13, 2016, the expected closing date has been changed to September 30, 2016. An unknown buyer completed the acquisition of 7.6% stake in U-Tech Co.,Ltd (KOSDAQ:A178780) from Bong-Geun Yoo on September 30, 2016.