Bridgetec Corp. (KOSDAQ:A064480) agreed to acquire an additional 1.9% stake in K-Bank from The YAP Company for KRW 4.2 billion on February 16, 2017. As reported, Bridgetec will acquire 0.8 million shares of K-Bank at KRW 5,200 per share. Post acquisition, Bridgetec Corp. will hold 2.6 million shares, representing 6.12% stake in K-Bank. The transaction is subject to K-Bank Board of Directors approval and Financial Services Commission for excess ownership approval. The transaction payment will be made within 3 days from the application approval date for these approvals. The acquisition is expected to be complete on February 16, 2017. As of February 16, 2017, the scheduled acquisition date is March 31, 2017. As of February 21, 2017, the deposit of KRW 1.6 billion has been paid and the balance will be paid within 3 days from the application approval date for the Financial Services Commission. Gilin Accounting Corporation acted as external rating agency in the transaction. Bridgetec Corp. (KOSDAQ:A064480) completed the acquisition of an additional 1.9% stake in K-Bank from The YAP Company on March 24, 2017. Bridgetec Corp. paid balance consideration on March 24, 2017.