GNK Corporation Co., Ltd and an unknown buyer signed a contract to acquire 6.9% stake in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Seung-Min Han, Kil-Koo Han and Future Tech One Co., Ltd. for KRW 14.5 billion on September 19, 2018. Under the terms, the buyers will acquire 4 million shares and pay KRW 900 million to Seung-Min Han and Kil-Koo Han. The buyers will pay KRW 8.1 billion to Seung-Min Han and Kil-Koo Han and KRW 5.5 billion to Future Tech One Co., Ltd. one business day before transaction's end date. The seller shall hold an extraordinary shareholders' meeting after the date of the conclusion of this agreement and appoint four of the seven in-house Directors or external Directors nominated by the buyers as internal Directors or external Directors of Magic Micro Co.,Ltd. The transaction is expected to close on October 25, 2018. GNK Corporation Co., Ltd and an unknown buyer cancelled the acquisition of 6.9% stake in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Seung-Min Han, Kil-Koo Han and Future Tech One Co., Ltd. on September 19, 2018. The transaction was terminated because Future Tech One Co., Ltd. had an issue of short-term profit margins and agreed on a re-contract in the future.