Reno Planning Co., Ltd. agreed to acquire 6.1% stake in Nano Chem Tech Inc. (KOSDAQ:A091970) from Shim Ik-ho for KRW 10.7 billion on February 12, 2020. Under the terms of the the transaction, Reno Planning Co., Ltd. will acquire 1.6 million shares of Nano Chem Tech Inc. for KRW 6,868 per share. Reno Planning Co., Ltd. will fund the purchase price through borrowing. The transaction is expected to close on April 30, 2020. Reno Planning Co., Ltd. cancelled the acquisition of 6.1% stake in Nano Chem Tech Inc. (KOSDAQ:A091970) from Shim Ik-ho on February 12, 2021.