E&M Co., Ltd., CNKim Co., Ltd., and Widwin Investment Fund 11 agreed to acquire 18.42% stake in HansolNexG Co., Ltd (KOSDAQ:A081970) from Hansol Secure Co., Ltd. (KOSDAQ:A070300) and Hansol Inticube Co., Ltd. (KOSDAQ:A070590) for KRW 27.8 billion on June 27, 2017. Hansol Secure Co., Ltd. will sell 1.16 million shares and Hansol Inticube Co., Ltd. will sell 1.06 million shares. E&M Co., Ltd., CNKim Co., Ltd., and Widwin Investment Fund 11 will pay 20% of the down payment at the moment of contract signing and must deposit the remaining 80% of the balance on the day before the meeting of the extraordinary general meeting of shareholders to change the management and change the articles of incorporation, and Hansol Secure must transfer the shares to E&M Co., Ltd., CNKim Co., Ltd., and Widwin Investment Fund 11.

As reported on July 4, 2017, CNKim Co., Ltd. acquired 0.6 million shares, representing 10.6% stake in HansolNexG. Board of Directors of Hansol Secure Co., Ltd made a resolution in favor of the transaction on June 27, 2017. The scheduled date of sale is August 28, 2017.

The scheduled date for completion is amended to August 24, 2017. As on August 24, 2017, the scheduled date for completion is amended to September 7, 2017. Also as per the amended terms, the balance of the consideration of KRW 22.3 billion and 2.2 million shares will also be paid on the completion date.

Nexia-Samduk acted as external rating institution.