Hyung-gyun Na signed a memorandum of understanding to acquire a 33.65% stake in OHEIM INT Co.,Ltd. (KOSDAQ:A309930) from 2015 IMM Design Venture Fund, managed by IMM Investment, Corp. for KRW 24 billion on June 1, 2023. Pursuant to transaction, Hyung-gyun Na will pay 3,350 cash per share for 7,156,754 OHEIM's shares, representing approximately 33.65% stake.

The transaction is subject to due diligence review. The main contract (stock purchase contract) is expected to be concluded within 7 weeks from the date of signing this memorandum of understanding.