JS & Partners Co., Ltd., Byungjik Cho, Jichul Lee, Daesik Kim and Dohoon Kim signed a contract to acquire 14.59% stake in Neodian Technology Co., Ltd. (KOSDAQ:A072770) from Hyun-Jin Lee for KRW 16 billion on August 1, 2018. Under the terms of the agreement, 5.17 million shares will be acquired at KRW 3095 per share. JS & Partners Co., Ltd. will acquire 3.3 million shares for KRW 10.1 billion; on signing date 2.2 million shares will be acquired for KRW 7 billion and balance shares equivalent to 1 million will be acquired for KRW 3.1 billion. Byungjik Cho will acquire 0.4 million shares for KRW 1.2 billion; on signing date 0.3 million shares will be acquired for KRW 0.8 billion and balance shares equivalent to 0.1 million will be acquired for KRW 0.4 billion. Jichul Lee, Daesik Kim and Dohoon Kim will each acquire 0.5 million shares at KRW 1.5 billion. On signing, Jichul Lee, Daesik Kim and Dohoon Kim will each acquire 0.3 million shares for KRW 1.1 billion and balance shares equivalent to 0.2 million each will be acquired for KRW 0.5 billion. An amount equal to KRW 11 billion will be paid as deposit and second payment on August 1, 2018. The balance consideration of KRW 5 billion will be paid two weeks before the extraordinary shareholders' meeting. As per the amendment report dated August 2, 2018, the balance amount of KRW 5 billion will be paid on August 29, 2018; and the extraordinary shareholders' meeting will be on September 12, 2018. As per the amendment dated August 28, 2018, the balance payment of KRW 5 billion was made on August 28, 2018; and the extraordinary general meeting of shareholders will be held on September 21, 2018. Upon completion, JS & Partners Co., Ltd. will own 9.23% stake in Neodian Technology Co., Ltd. The transaction is expected to be completed by August 28, 2018. As on August 28, 2018, JS & Partners Co., Ltd. completed the transaction.