VirtualTek Corporation (KOSDAQ:A036620) agreed to acquire 44.44% stake in Natura Power Co. Ltd. for KRW 2 billion in cash on March 24, 2014. As reported, VirtualTek will acquire 1.78 million shares in Natura Power.

For the year ending December 31, 2013, Natura Power reported total assets of KRW 11.89 billion, total stockholders' equity of KRW 4.55 billion, revenues of KRW 5.43 billion and net profit of KRW 816 million. The Board of Directors of VirtualTek passed a resolution for the transaction on March 24, 2014. The transaction is expected to complete on March 24, 2014.