DIOTEK Co., Ltd. (KOSDAQ:A108860) agreed to acquire an additional 11.35% stake in Infraware, Inc. (KOSDAQ:A041020) from Min Cheol Kwak for KRW 12 billion on July 1, 2016. Under the terms of transaction, DIOTEK will buy 2.1 million shares at KRW 5,689 per share in Infraware. DIOTEK Co., Ltd paid KRW 5.92 billion on July 1, 2016 and will pay the remaining balance of KRW 6.08 billion on July 8, 2016. The transaction is expected to complete on on July 8, 2016. The transaction is expected to complete on on July 15, 2016. Dae Young Accounting Corporation acted as External Rating Institution in the transaction.

DIOTEK Co., Ltd. (KOSDAQ:A108860) completed the acquisition an additional 11.35% stake in Infraware, Inc. (KOSDAQ:A041020) from Min Cheol Kwak on July 14, 2016.