G&K Holdings and two other buyers agreed to acquire 11.77% stake in Paratech Company Limited (KOSDAQ:A033540) from Base Hd Co.,Ltd. for KRW 14 billion on October 7, 2020. The consideration comprises payment of 10% as down payment and balance on closing. The Board of Directors resolved the deal on October 7, 2020. The transaction is expected to close on December 16, 2020. G&K Holdings and two other buyers completed the acquisition of 11.77% stake in Paratech Company Limited (KOSDAQ:A033540) from Base Hd Co.,Ltd. on December 16, 2020.