MAXROTEC Co., Ltd. (KOSDAQ:A141070) agreed to acquire 51% stake in Neighbor System Co., Ltd from Byeongjo Lim for KRW 14.9 billion on April 1, 2020. MAXROTEC will pay the consideration in cash. For year ended December 31, 2019, Neighbor System had total assets of KRW 37.2 billion, sales of KRW 59 billion, total capital of KRW 11.2 billion and net income of KRW 1.2 billion. The transaction is expected to be completed by May 29, 2020. As of May 27, 2020, the transaction is expected to be completed by July 14, 2020. As of July 14, 2020, the transaction is expected to be completed by September 15, 2020. MAXROTEC Co., Ltd. (KOSDAQ:A141070) cancelled the acquisition of 51% stake in Neighbor System Co., Ltd from Byeongjo Lim on September 11, 2020. The transaction is terminated due to difficulties in financing due to the deteriorating economic environment both internally and externally.