An unknown buyer signed a contract to acquire 8.27% stake in Foxbrain Co., Ltd. (KOSDAQ:A039230) from Junpa Investment Association and another seller for KRW 12.5 billion on July 12, 2017. Under the terms of the transaction, the buyer will acquire 3.05 million shares at KRW 4,100 per share. Upon signing of the contract, KRW 1.2 billion will be paid as deposit and remaining balance of KRW 11.3 billion will be paid on completion. After the completion of the transaction, buyer will become the largest shareholder holding 8.27% stake and Junpa Investment Association's holding will decrease to 5.84%. In the event of non-payment of the outstanding balance sellers shall not return the down payment and the transaction will terminated. The transaction is expected to be completed by August 12, 2017. As of August 11, 2017, buyer decided to pay remaining KRW 11.3 billion on August 18, 2017 and expected closing date is August 18, 2017. As on August 18, 2017, the expected payment date and closing date is changed to August 25, 2017. An unknown buyer cancelled the acquisition of 8.27% stake in Foxbrain Co., Ltd. (KOSDAQ:A039230) from Junpa Investment Association and another seller on August 25, 2017.