K-TOP Reits Co.,Ltd. (KOSE:A145270) agreed to acquire 70% stake in K-MAX Co., Ltd. for KRW 2.6 billion on May 26, 2021. K-TOP Reits Co.,Ltd. signed a contract to acquire 70% stake in K-MAX Co., Ltd. on June 28, 2021. The consideration will be paid in cash. K-TOP Reits will acquire 0.91 million shares in K-MAX. As at April 30, 2021, K-MAX had total assets of KRW 3.8 billion and total equity of KRW 3.8 billion. For the year ended April 30, 2021, K-MAX had revenues of KRW 0 and net income of KRW 1.6 billion. The current expected closing date is June 2021. A correction will be made when the correct closing date is confirmed. As per the correction on June 28, 2021, the expected closing date is July 2, 2021.