U-Tech Co.,Ltd (KOSDAQ:A178780) agreed to acquire an additional 21.6% stake in E-SOL CO.,LTD for KRW 5 billion on December 5, 2016. Under the acquisition, U-Tech will acquire 0.5 million shares. On completion, U-Tech will own 0.92 million shares. As on April 28, 2017, U-Tech Co., Ltd. will acquire 0.26 million shares which represent 11.2% stake of E-SOL CO.,LTD for KRW 2.6 billion. Upon completion, U-Tech Co., Ltd. will hold 0.52 million shares of E-SOL CO.,LTD. During the year ended September 30, 2016, E-SOL reported total assets of KRW 15.04 billion and total capital of KRW 58.41 billion. The transaction is expected to be completed by January 16, 2017. As of January 16, 2017, the transaction is expected to be completed by February 27, 2017. As of February 27, 2017, the transaction closing date is amended to June 28, 2017. As on April 28, 2017, the transaction is expected to be completed by April 28, 2017.