AT semicon Co., Ltd. (KOSDAQ:A089530) and other agreed to acquire 26.69% stake in Leaders Technology Investment Co., Ltd (KOSDAQ:A019570) from Leaders Asset Holdings Co., Ltd, Nah, Yongseon and Lee, Hak-young for KRW 37.5 billion on March 4, 2021. As of May 12, 2021, AT semicon Co., Ltd. and other agreed to acquire 23.87% stake in Leaders Technology Investment Co., Ltd from Leaders Asset Holdings Co., Ltd, Nah, Yongseon and Lee, Hak-young for KRW 34 billion. Under the terms, AT semicon will acquire 20 million shares of Leaders Technology Investment Co., Ltd. The down payment of KRW 8 billion paid at the time of signing of this contract and the balance of KRW 21 billion will be paid on closing date.

Post completion, AT semicon will hold 20.67% stake in Leaders Technology Investment Co., Ltd. As on March 4, 2021, the Board of AT semicon resolved this transaction. As announced on April 20, 2021, KRW 23.4 billion will be paid on May 12, 2021 and Immediately after payment of the balance, the stocks subject to transfer are delivered to the transferee. The transaction is expected to close on April 20, 2021.

As announced on April 20, 2021, the transaction is expected to close on May 12, 2021.