Sapphire Technology Co., Ltd (KOSDAQ:A123260) agreed to acquire 45.2% stake in Ningxia Laser Technology Limited for KRW 13.5 billion on November 1, 2017. The transaction is expected to complete on June 30, 2018. As reported on July 2, 2018, the transaction is expected to close on July 31, 2018. As of July 31, 2018, the transaction is expected to close on August 31, 2018. Sapphire Technology Co., Ltd (KOSDAQ:A123260) cancelled the acquisition of 45.2% stake in Ningxia Laser Technology Limited on January 31, 2019.