Dae-Hee Cho and J Investment Fund agreed to acquire 34.12% stake in Seho Robot Co., Ltd. (KOSDAQ:A158310) from Se-Yeong Kim for KRW 13.1 billion on June 5, 2015. Dae-Hee Cho is acquiring 1.4 million shares of Seho Robot Co., Ltd. representing 34.12% stake and paying KRW 9383 per share. As part of the consideration, deposit of KRW 2.5 billion shall be paid within June 9, 2015, the contract deposit of KRW 1 billion is included in the above deposit and the contract deposit will be paid in the contract signing date and the balance of KRW 10.64 billion will be paid 3 days before the transfer of management general meeting of shareholders.

The transaction is expected to be closed by July 14, 2015. As on July 10, 2015, it was announced that the transaction is expected to complete on July 21, 2015. The balance KRW 10.64 billion will be paid on July 21, 2015.