Greatlight signed a contract to acquire 15.89% stake in Haeduk Powerway Co., Ltd. (KOSDAQ:A102210) from Jonghee Lee for KRW 36 billion on May 30, 2018. A total of 2.3 million shares will be acquired as part of the deal. KRW 15 billion will be paid by June 30, 2018. Jonghee Lee will own no stake in Haeduk Powerway after the deal. The transaction was resolved by the Board of Haeduk Powerway Co., Ltd. on May 30, 2018. The transaction is expected to close on June 30, 2018. Greatlight cancelled the acquisition of 15.89% stake in Haeduk Powerway Co., Ltd. (KOSDAQ:A102210) from Jonghee Lee on October 12, 2018. Total of KRW 28.7 billion was paid. However, Jonhee Lee failed to execute the contract terms. Greatlight requested the penalty of execution failure of the contract and the down payment after notifying it of the cancellation.