Mason Capital Corporation (KOSDAQ:A021880) signed an agreement to acquire 93.89% stake in Tong Yang Financial Services Corp. from YT Holdings Fund, Gongshin NH Co. Ltd. and Lee, Hojae for KRW 11 billion on February 21, 2017. Mason Capital will acquire 17.77 million shares. YT Holdings Fund, Gongshin NH Co. Ltd. and Lee, Hojae will receive KRW 6.16 billion, KRW 4.27 billion and KRW 568.7 million respectively. Under the terms of the transaction, KRW 2.8 billion will be paid as deposit on February 27, 217, second payment of KRW 4.95 billion will be paid on March 24, 2017 and the balance payment of KRW 3.3 billion will be made on January 2, 2018. On December 20, 2017, the Financial Services Commission approved the investment. Mason Capital Corporation was the preferred bidder. BDO Daejoo LLC acted as external valuation agent.