Bazen Cop signed a contract to acquire 33.2% stake in SNTEK Co., Ltd. (KOSDAQ:A160600) from Kyungjoon Ahn for KRW 28 billion on July 29, 2019. Under the terms of the contract, Bazen Cop will acquire 3.96 million shares of SNTEK at KRW 7073 per share. Of the total consideration, KRW 2.8 billion will be paid on July 29, 2019, KRW 7.2 billion will be paid on August 7, 2019 along with the transfer of 1 million shares of SNTEK to Bazen Cop and the remaining payment will be done on September 10, 2019 along with the transfer of 2.9 million shares of SNTEK to Bazen Cop. The transaction will complete on September 10, 2019. Bazen Cop completed the acquisition of 33.2% stake in SNTEK Co., Ltd. (KOSDAQ:A160600) from Kyungjoon Ahn on August 21, 2019.