Sincetimes Hk Science Company Limited acquired 9.8% stake in Cowon Systems, Inc. (KOSDAQ:A056000) from Nam-Gyu Park for KRW 10 billion on December 27, 2015. Sincetimes Hk Science Company Limited acquired 1 million shares of Cowon Systems, Inc. for KRW 10000 per share. On completion, Nam-Gyu Park held 1.5 million shares of Cowon Systems, Inc.

Sincetimes Hk Science Company Limited completed the acquisition of 9.8% stake in Cowon Systems, Inc. (KOSDAQ:A056000) from Nam-Gyu Park on December 27, 2015. On March 27, 2017, Sincetimes Hk Science Company agreed to cancel the deal for 30,000 shares among the 1 million Cowon Systems, Inc. common stocks from the trade done on December 27, 2015.