An unknown buyer agreed to acquire 11.01% stake in Chadiostech Vina Co., Ltd. (Vietnam) from Chadiostech Co., Ltd. (KOSDAQ:A196450) for KRW 8.3 billion on May 27, 2016. Out of total consideration, $0.41 million (KRW 451.59 million) will be paid within 3 business days from signing date and the balance $6.59 million (KRW 7.3 billion) will be paid in within 3 months from signing date. Board of Directors passed the resolution on May 27, 2016. The transaction is expected to close on August 19, 2016. The currency conversion have been done from www.oanda.com as of May 27, 2016. As on August 19, 2016, the consideration paid will be KRW 7.7 billion due to changes in the expected closing date and exchange rate. An unknown buyer cancelled the transaction to acquire 11.01% stake in Chadiostech Vina Co., Ltd. (Vietnam) from Chadiostech Co., Ltd. (KOSDAQ:A196450) on May 27, 2017.