Pan Asia Semiconductor Service Co., Ltd. agreed to acquire 24.2% stake in Oceanbridge Co., Ltd (KOSDAQ:A241790) from Gyeong-ju Lee, Namcheol Yoon, Jungeun Yoon and Jieun Yoon for KRW 27.8 billion on May 29, 2020. As per terms, Pan Asia Semiconductor Service Co., Ltd. will acquire 2.4 million shares of Oceanbridge Co., Ltd at KRW 11,500 per share. As of July 8, 2020, the payment date has been changed to July 10, 2020. Post-completion, Gyeong-ju Lee will reduce its stake from 17.71% to 1.71%, Namcheol Yoon will reduce its stake from 9.06% to 4.86%, Jungeun Yoon will reduce its stake from 4.55% to 2.55% and Jieun Yoon will reduce its stake from 4.55% to 2.55%. The transaction is expected to close on July 8, 2020. As of July 8, 2020, the transaction is expected to close on July 10, 2020. Pan Asia Semiconductor Service Co., Ltd. completed the acquisition of 24.2% stake in Oceanbridge Co., Ltd (KOSDAQ:A241790) from Gyeong-ju Lee, Namcheol Yoon, Jungeun Yoon and Jieun Yoon on July 10, 2020. Alchemist Capital Partners Korea provided due diligence in the transaction.