Midas Growth Fund 1 signed a contract to acquire an additional 3.94% stake in PARK & OPC Co., Ltd. (KOSDAQ:A028040) from Bookang Construction Co., Ltd., Doomoon Park, Byungjun Park and Sangil Do for KRW 2.7 billion on April 25, 2016. Midas Growth shall purchase 0.62 million shares of PARK & OPC for KRW 4330 each. Under the terms of agreement, a deposit of KRW 1.38 billion was made on contract signing while a deposit of KRW 1.3 billion will be paid on the next day of contract signing date.

The transaction is expected to close on May 25, 2016. As result of transaction, Midas Growth will own 2.72 million shares or 21.1% stake of PARK & OPC. As of May 24, 2016, the closing was deferred from May 25, 2016 to June 10, 2016.