Sungkang Kim acquired 3.88% stake in Raontec Inc. (XKON:A232680) from KoFC-KIP Pioneer Champ 2010-1 Venture Capital Fund of Korea Investment Partners Co. Ltd. for approximately KRW 430 million on June 1, 2016. KoFC-KIP Pioneer Champ 2010-1 sold 0.87 million shares at KRW 4,996 per share. Sungkang Kim completed the acquisition of 3.88% stake in Raontec Inc. (XKON:A232680) from KoFC-KIP Pioneer Champ 2010-1 Venture Capital Fund of Korea Investment Partners Co. Ltd. on June 1, 2016.