K-TOP REITS co.Ltd. (KOSE:A145270) entered into definitive agreement to acquire a building in Seoul City for KRW 16.4 billion on July 14, 2014. Within 45 days after the contract signing date. K-TOP REITS will proceed after the change approval from Ministry of Land and Transportation. However, in case of delay of change approval from Ministry of Land and Transportation, it can be extended for 30 more days. Board of Directors of K-TOP REITS made a resolution in favor of the transaction on July 14, 2014. The deal is expected to close on August 28, 2014. The change approval from Ministry of Land and Transportation was completed on August 8, 2014.

K-TOP REITS co.Ltd. (KOSE:A145270) completed the acquisition of a building in Seoul City on August 28, 2014.