K& Investment Partners and AIBIT Co., Ltd. (KOSDAQ:A039230) agreed to acquire additional 25.6% stake in HANDYSOFT, Inc. (KOSDAQ:A220180) from Dasan Invest Co., Ltd. and Minwoo Nam for KRW 17.5 billion on November 26, 2018. Under the terms of transaction, K& Investment Partners and AIBIT Co., Ltd. will acquire 2.1 million shares for KRW 8,333 each. 20% of the consideration will be paid as deposit on November 26, 2018; and balance will be paid on December 10, 2018. K& Investment Partners and AIBIT Co., Ltd. will acquire 2 million shares from Dasan Invest Co., Ltd. and 0.1 million shares from Minwoo Nam. As of December 10, 2018, AIBIT Co., Ltd. (KOSDAQ:A039230), B Box Korea Co., Ltd., East Asia Fund 2, Costernetworks Co., Ltd. and New Tech Invest Fund 1 agreed to acquire 25.6% stake in HANDYSOFT, Inc. (KOSDAQ:A220180) from Dasan Invest Co., Ltd. and Minwoo Nam for KRW 17.5 billion. Second payment of KRW 2 billion will be done on December 10, 2018, while the balance will be received on December 27, 2018. AIBIT Co., Ltd. will hold 19.85% stake in HANDYSOFT, after the deal.

AIBIT Co., Ltd, New Tech Invest Fund 1 and KN Global New Medicine 2nd PEF agreed to acquire additional 23.87% stake in HANDYSOFT, Inc from Dasan Invest Co., Ltd. and Minwoo Nam for KRW 17.5 billion as per amendment report on December 27, 2018. Under the terms, AIBIT Co., Ltd, New Tech Invest Fund 1 and KN Global New Medicine 2nd PEF will acquire 2.1 million shares for KRW 8,333 each. 20% of the consideration will be paid as deposit on November 26, 2018, second payment of KRW 2 billion won paid on December 10, 2018, third payment of KRW 2 billion won paid on December 27, 2018 and balance will be paid on January 11, 2019. Post-acquisition, K& Investment Partners will hold 1.98 million shares and Dasan Invest Co., Ltd. will hold 0.12 million shares.

The transaction is expected to be completed by December 10, 2018. As of December 10, 2018, the closing date is now December 27, 2018. As of December 27, 2018, the closing date is now January 11, 2019.

AIBIT Co., Ltd, New Tech Invest Fund 1 and KN Global New Medicine 2nd PEF completed the acquisition of additional 13.4% stake in HANDYSOFT, Inc from Dasan Invest Co., Ltd and other for KRW 10 billion on January 10, 2019. The consideration is paid in cash. KRW 3.5 billion was paid on November 26, 2018, second payment of KRW 2 billion won paid on December 10, 2018, third payment of KRW 2 billion won paid on December 27, 2018 and payment of KRW 2 billion won paid on January 10, 2019. Under the terms, AIBIT Co., Ltd, New Tech Invest Fund 1 and KN Global New Medicine 2nd PEF acquired 1.2 million shares for KRW 8,333 each. Post-acquisition, Dasan Invest reduced the shareholding from 2 million shares (22.33%) to 0.8 million shares (8.93%) in HANDYSOFT. AIBIT Co., Ltd acquired 0.12 million shares in HANDYSOFT. New Tech Invest Partnership No. 1 acquired 0.78 million shares in HANDYSOFT.