Soonwook Kwon and Sw Investment signed a contract to acquire 40.17% in Russell Co., Ltd. (KOSDAQ:A217500) from Gangjik Lee, Donghwan Lee and Youngkwon Kim for KRW 25.6 billion on June 12, 2019. A total of 12.8 million shares will be acquired at KRW 2,000 per share. As per terms, the sellers will sell 6.1 million, 6.4 million and 0.3 million shares respectively. The consideration comprises a deposit of KRW 2.6 billion. As of July 25, 2019, the contract was amended. As per the amendment, Soonwook Kwon and Sw Investment will acquire 11.78 million and 1 million shares representing 37.03% and 3.14% stake of Russell Co. respectively. Post completion, the sellers will hold 2.2 million, 1.5 million and 1 million shares respectively. As of July 25, 2019, the expected closing date was changed from July 26, 2019 to July 25, 2019. Soonwook Kwon and Sw Investment cancelled the acquisition of 40.17% in Russell Co., Ltd. (KOSDAQ:A217500) from Gangjik Lee, Donghwan Lee and Youngkwon Kim on June 12, 2020.