K2 Go Co., Ltd. and 4 others agreed to acquire 8.8% stake in U-Tech Co.,Ltd (KOSDAQ:A178780) from Bong-Geun Yoo on May 12, 2016. Under the terms of the deal, Bong-Geun Yoo is selling 891,350 shares of U-Tech Co.,Ltd. The payment is to be made as 10% of the total amount to be paid as deposit upon contract signing, then 10% of the stocks will be transferred and on transactions end date, when the balance 90% will be paid, 90% of the stocks will be transferred. The transactions end date is June 23, 2016. K2 Go Co., Ltd. and 4 others completed the acquisition of 8.8% stake in U-Tech Co.,Ltd (KOSDAQ:A178780) from Bong-Geun Yoo on June 29, 2016. K2 Go Co., Ltd. and 4 others acquired 0.8 million shares at a price per share of KRW 9,020.