HP & J Partners Co., Ltd., JP and H partners Co., Ltd., Daeyu ENC Co., Ltd., Soma Partners Investment Fund, CL Investment Fund and Taurus Build-up Private Hedge Fund 3 signed a contract to acquire 18.78% in MPC Ltd. (KOSDAQ:A050540) from In-Jun Hwang and 2 other shareholders for KRW 20 billion on January 11, 2017. Under the terms, 3.8 million shares will be acquired at KRW 5290 per share. A deposit of KRW 2 billion and payment of KRW 3 billion will be paid on the contract signing date and 0.94 million shares will be transferred to the buyers. On January 18, 2017, KRW 2 billion will be paid and 0.37 million shares will be transferred to Taurus Build-up Private Hedge Fund. On February 10, 2017, a payment of KRW 8 billion will be made and 1.5 million shares will be transferred to Taurus Build-up Private Hedge Fund 3. The balance of 0.94 million shares will be transferred within 3 business days before the general meeting of shareholders and the balance of KRW 5 billion will be transferred. As on January 16, 2017 third payment due date of the existing contract will change from January 18, 2017 to January 25, 2017. Post-closing the sellers will not hold any stake in MPC Ltd. The deal is expected to close on February 10, 2017. As of January 16, 2017, Taurus Build-up Private Hedge Fund 3 terminated the deal. As of February 7, 2017, the buyers paid KRW 1 billion from the third payment amount and the seller transferred 0.19 million shares to Daeyu ENC. The payment of the rest of the third payment of KRW 1 billion will be postponed to February 14, 2017. As of February 10, 2017, the fourth payment due date will change from February 10, 2017 to February 27, 2017. As of February 14, 2017, the buyers paid KRW 1 billion from the third payment amount and the seller transferred 0.19 million shares to HP & J Partners. As of February 27, 2017, In-Jun Hwang and Jiyeon Hwang sold 0.76 million shares to HP & J Partners Co., Ltd. and the buyer paid KRW 4 billion from the fourth payment. The date for paying the remaining amount from the fourth payment has been postponed to March 8, 2017. As of March 9, 2017, the payment for the remaining amount from the fourth payment was to be paid on March 8, 2017.