Junil Park entered into an agreement to acquire 6.28% stake in AIBIT Co., Ltd. (KOSDAQ:A039230) from Bio Support Co., Ltd. for KRW 4 billion on January 25, 2019. Under the terms of the transaction, Junil Park will acquire 3.9 million shares at KRW 1,021 per share. Out of total consideration, KRW 500 million will be paid as deposit on contract signing date and remaining will be paid on January 30, 2019. As per an amendment on January 30, 2019, a second payment of KRW 1.5 billion will be paid on January 30, 2019. 1.96 billion shares of AIBIT Co., Ltd. will be transferred to Junil Park on January 31, 2019. Balance payment of KRW 2 billion will be paid on February 11, 2019 and the remaining shares will be transferred on the same date. Balance payment of KRW 2 billion will be paid on February 22, 2019. The transaction is expected to close on January 30, 2019. As per the amendment on January 30, 2019, shares will be transferred by February 11, 2019. As per the amendment on February 11, 2019, shares will be transferred by February 22, 2019. Balance payment of KRW 2 billion and issuance of 1.9 million shares will be executed on February 26, 2019. As per the amendment report the expected closing has been extended to March 6, 2019. On March 4, 2019, payment of KRW 1 billion and issuance of 0.98 million shares has been done and remaining payment and issuance of remaining 0.98 million shares will be made on March 6, 2019. Junil Park completed the acquisition of 6.28% stake in AIBIT Co., Ltd. (KOSDAQ:A039230) from Bio Support Co., Ltd. on March 6, 2019.