Kim Yeong Jun, 2 individuals and Woori F&B signed a contract to acquire 18.85% stake in Digital Ocean (KOSE:A051160) from Sooseok Trading Company Ltd. and Moon-Seok Kang for KRW 14 billion on August 23, 2011. A deposit of KRW 1.4 billion will be made on August 23, 2011. The second payment of KRW 2 billion will be made on August 26, 2011 and third payment of KRW 300 million will be made on September 28, 2011. The payment date of remaining amount of KRW 10.3 billion is December 20, 2011. Sooseok Trading Company and Moon-Seok will sell 2.26 million shares of Digital Ocean. The 3rd unregistered non guaranteed detachable domestic private bond debenture with stock warrants of Digital Ocean held by Sooseok Trading Company Ltd. will be handed over to the buyers on August 26, 2011. As per the amendment on December 21, 2011, the payment date of remaining amount of KRW 10.3 billion and the closing date of the transaction is yet to be decided. All the officers of Digital Ocean except the 2 officers that Moon-Seok Kang designated will resign, after which the buyers will designate 3 Directors and 1 auditor with the responsibility of the sellers. Kim Yeong Jun, 2 individuals and Woori F&B completed the acquisition of 18.85% stake in Digital Ocean (KOSE:A051160) from Sooseok Trading Company Ltd. and Moon-Seok Kang on March 22, 2012.