TPA Retail Co Ltd, Bellevue 1 Fund and LA 1 Fund agreed to acquire 36.78% stake in isMedia Co., Ltd. (KOSDAQ:A181340) from Sungcheol Hong, Kim, Jong-won and Seongjun Kim for KRW 23.5 billion on January 28, 2021. As per terms, consideration shall be paid in cash as a down payment of KRW 2.3 billion on January 28, 2021 and balance KRW 21.2 billion the day before the 19th regular shareholders' meeting. As on March 15, 2021, the payment schedule was revised and now down payment of KRW 2.3 billion on January 28, 2021, March 15, 2021, KRW 10 billion and balance KRW 11.21 billion the day before the 19th regular shareholders' meeting. In the transaction Sungchul Hong shall sell 2.245 million shares equivalent to 31.6% for KRW 20.2 billion, Kim, Jong-won shall sell 0.2 million shares equivalent to 2.83% stake for KRW 1.8 billion and Seongjun Kim shall sell 0.16 million shares equivalent to 2.36% stake for KRW 1.5 billion of which TPA Retail Co Ltd will acquire 0.913062 million shares equivalent to 12.85% stake for KRW 11.8 billion. TPA Retail Co Ltd acquired 1.3 million shares in isMedia Co., Ltd. on January 28, 2021. The transaction is expected to close on March 29, 2021. TPA Retail Co Ltd, Bellevue 1 Fund and LA 1 Fund completed the acquisition of 36.78% stake in isMedia Co., Ltd. (KOSDAQ:A181340) from Sungcheol Hong, Kim, Jong-won and Seongjun Kim on March 24, 2021.