Taeyoung ENG Co., Ltd., Kyungsook Park and Sangbae Park entered into a contract to acquire 14.6% stake in Neodian Technology Co., Ltd. (KOSDAQ:A072770) from JS & Partners Co., Ltd., Jichul Lee and Byungjik Cho for KRW 18 billion on May 30, 2019. Out of total consideration, KRW 3 billion will be paid as deposit on May 30, 2019 and remaining will be paid on June 26, 2019. Taeyoung ENG Co., Ltd., Kyungsook Park and Sangbae Park paid KRW 2 billion on April 30, 2019 and KRW 1 billion on the contract signing date. As of June 26, 2019, the balance of KRW 15 billion will be paid on July 5, 2019. Under the terms of the transaction, Taeyoung ENG Co., Ltd., Kyungsook Park, Sangbae Park will acquire 3.27 million shares, 1 million share, and 0.9 million shares respectively at KRW 3,481 per share. Taeyoung ENG Co., Ltd. will receive KRW 11.4 billion, Kyungsook Park will receive KRW 3.5 billion and Sangbae Park will receive KRW 3.1 billion as consideration. JS & Partners Co., Ltd. will sell 3.27 million shares, Jichul Lee will sell 1.5 million shares and Byungjik Cho will sell 0.4 million shares in Neodian Technology Co., Ltd. As of July 5, 2019, the buyer changed to Taeyoung ENG Co., Ltd. and NK Consortium. Taeyoung ENG Co., Ltd. will acquire 3.27 million shares for KRW 11.39 billion and NK Consortium will acquire 1.9 million shares for KRW 6.6 billion. As of July 5, 2019, out of the balance payment, KRW 5 billion will be paid on July 5, 2019 and the remaining balance of KRW 10 billion will be paid on July 19, 2019. As of July 19, 2019, KRW 5 billion was paid on July 5, 2019 and KRW 10 billion will be paid on July 24, 2019. As of July 24, 2019, KRW 5 billion was paid on July 5, 2019 and KRW 10 billion will be paid on July 30, 2019. As of July 30, 2019, KRW 5 billion was paid on July 5, 2019 and KRW 10 billion will be paid on August 1, 2019. As of August 1, 2019, NK Consortium has ceased to be the buyer. Taeyoung ENG Co., Ltd. will acquire 9.2% stake in Neodian Technology Co., Ltd. from JS & Partners Co., Ltd. for KRW 11.4 billion. The third interim payment of KRW 986.1 million was paid on August 1, 2019 and the balance payment of KRW 2.4 billion will be done on October 31, 2019. As of September 3, 2019, the balance consideration was paid. The transaction is expected to close on June 26, 2019. As of June 26, 2019, the transaction is expected to be completed on July 5, 2019. As of July 5, 2019, the transaction is expected to be completed on July 19, 2019. As of July 19, 2019, the transaction is expected to be completed on July 24, 2019. As of July 24, 2019, the transaction is expected to be completed on July 30, 2019. As of July 30, 2019, the transaction is expected to be completed on August 1, 2019. As of August 1, 2019, the transaction is expected to be completed on October 31, 2018. Taeyoung ENG Co., Ltd., Kyungsook Park and Sangbae Park completed the acquisition of 14.6% stake in Neodian Technology Co., Ltd. (KOSDAQ:A072770) from JS & Partners Co., Ltd., Jichul Lee and Byungjik Cho on September 3, 2019.