ED Co., Ltd. (KOSDAQ:A033110) signed a contract to acquire 5.24% stake in Soosung Co.,Ltd. (KOSDAQ:A084180) from Kim Jung-Tae for KRW 6.6 billion on May 31, 2017. As reported, ED will acquire 0.43 million shares in Soosung at KRW 15,325 per share. As on May 31, 2017, ED acquired 0.09 million shares and paid a deposit of KRW 1.32 billion.

ED shall acquire the remaining 0.34 million shares by paying the balance consideration of KRW 5.27 billion on June 30, 2017. As per the revision on June 29, 2017, ED shall acquire the remaining shares by paying the balance consideration on June 29, 2017.