Somi Partners Co., Ltd., Global YMS Co., Ltd. and Hyunkwon Yoo signed a contract to acquire 10.6% in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Gilgu Han, Seung-Min Han and Magic Display Co., Ltd. for KRW 15.5 billion on April 4, 2018. As per terms, 5 million shares will be acquired at KRW 3,100 per share. Out of the consideration, KRW 1.6 billion is payable as deposit on April 4, 2018 and balance KRW 13.9 billion on May 4, 2018. As per the amendment report dated May 4, 2018, Golden Compass Investment Management Co., Ltd., Future Tech One Co Ltd and others signed a contract to acquire 10.6% stake in Magic Micro Co.,Ltd. on April 4, 2018. Under the terms of transaction, Golden Compass Investment Management Co., Ltd., Future Tech One Co., Ltd., Wongu Kang, Hyunsung Kim, Hyunguk Kim, Aesub Han, Kyungja Shin, Sinhee Kim, Yoonkyung Jeon and Hyunkwon Yoo will acquire 5 million shares; and will pay KRW 16 billion on April 4, 2018; a second payment of KRW 9.3 billion will be paid on May 4, 2018 and balance of KRW 4.6 billion will be paid on May 18, 2018. As per the amendment report dated May 18, 2018, Golden Compass Investment Management Co., Ltd. and eleven others agreed to acquire 10.6% in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Gilgu Han, Seung-Min Han and Magic Display Co., Ltd. Under the terms of transaction, Golden Compass Investment Management Co., Ltd., Future Tech One Co., Ltd., Synest Co., Ltd., Wongu Kang, Hyunsung Kim, Hyunguk Kim, Aesub Han, Kyungja Shin, Yoonkyung Jeon, Hyunkwon Yoo and Gunyeol Park will acquire 5 million shares at KRW 3100 each. Post completion, Gilgu Han, Seung-Min Han will not hold shares while Seung-Min Han will hold 4.93% stake in Magic Micro Co.,Ltd. As of May 4, 2018, Gilgu Han, Seung-Min Han and Magic Display Co., Ltd. transferred 3.5 million shares of Magic Micro Co.,Ltd. The deal is expected to close on May 4, 2018. As per the amendment report dated May 4, 2018, the transaction is expected to be completed by May 18, 2018. Somi Partners Co., Ltd., Global YMS Co., Ltd. and Hyunkwon Yoo cancelled the acquisition of 10.6% in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Gilgu Han, Seung-Min Han and Magic Display Co., Ltd. on April 4, 2019.