An unknown buyer agreed to acquire 3.5% stake in BTC Holding Company Co., Ltd. from Vidente Co., Ltd. (KOSDAQ:A121800) for KRW 27.3 billion on October 12, 2018. Under the terms of the transaction, Vidente Co., Ltd. will sell 350 shares. A deposit of KRW 3.9 billion was done on November 21, 2018, a second payment of KRW 3.9 billion was done on December 28, 2018 and the balance of KRW 19.4 billion will be paid on March 31, 2019 by the buyer. As of April 1, 2019, as per amended terms, KRW 606.3 million was paid on February 19, 2019 and balance of KRW 18.8 billion will be paid on September 30, 2019. Upon completion, Vidente Co., Ltd.’s stake in BTC Holding Company Co., Ltd. will reduce from 13% to 9.5%. BTC Holding Company Co., Ltd. reported total assets of KRW 1.9 trillion and total capital of KRW 485.09 billion as at December 31, 2017. BTC Holding Company Co., Ltd. reported sales of KRW 333.42 billion and net profit of KRW 455.07 billion in 2017. The Board of Directors passed a resolution for the transaction on October 12, 2018. The transaction is expected to be completed on February 15, 2019. As of February 15, 2019, the transaction is expected close on March 31, 2019. As of April 1, 2019, transaction is expected to close on September 30, 2019. Sang Rok Accounting Firm acted as the external rating institution.