ENS Investment Inc. signed a contract to acquire an additional 18.34% stake in EMW Co.,Ltd. (KOSDAQ:A079190) from Byunghoon Ryu for KRW 11.7 billion on February 13, 2020. As per the terms, ENS Investment will acquire 5.8 million shares at KRW 2,000 per share. Payment of KRW 4.5 billion for 2.2 million shares representing 7% stake will be done on February 13, 2020 and KRW 7.2 billion for 3.6 million shares representing 11.34% stake will be done on March 5, 2020. Post-acquisition, Byunghoon Ryu will hold no stake in EMW Co.,Ltd. The transaction is expected to be closed on March 5, 2020.