Hot-tech Co., Ltd. (KOSE:A015540) acquired additional 33.31% stake in Spo Live Co., Ltd. from homecast Co., Ltd. (KOSDAQ:A064240) for KRW 7 billion on April 23, 2015. Under the terms of the deal, Hot-tech Co., Ltd. will acquire 2,747 shares of Spo Live Co., Ltd and the financial bonds issued by which homecast Co. to Spo Live Co.. The consideration will be satisfied through issuance of convertible bonds of KRW 7 billion. On completion, homecast Co., Ltd. will hold 2,400 shares or 29.1% stake and Hot-tech Co. will hold 5,247 shares or 63.6% stake in Spo Live. For the year ended December 31, 2014, Spo Live Co., Ltd. reported KRW 6.35 billion of total assets, KRW 2.33 billion of net liabilities, KRW 13 million of sales revenue and KRW 2.37 billion of net loss. The Board of Hot-tech Co., Ltd. passed a resolution for the transaction on April 23, 2015. Young Jin Accounting Corporation acted as the external valuation agency.

Hot-tech Co., Ltd. (KOSE:A015540) completed the acquisition of an additional 33.31% stake in Spo Live Co., Ltd. from homecast Co., Ltd. (KOSDAQ:A064240) on April 23, 2015.