Taekdong Oh and two other buyers signed a contract to acquire 61.59% stake in MYUNGSUNG TNS Co., LTD. from Kwon Tae Wook, Yongjin Lee and Sang Chul Shin for KRW 60.8 billion on December 4, 2019. Under the terms of the transaction, 3.9 million shares will be acquired at a price of KRW 15500 per share. Out of total consideration, KRW 6.1 billion will be paid as down payment on December 4, 2019, KRW 44.4 billion will be paid on February 12, 2020 and KRW 10.3 billion will be paid on May 18, 2020. Taekdong Oh will acquire 1.9 million shares representing 29.8% stake and the two other buyers will acquire 2 million shares representing 31.8% stake in MYUNGSUNG TNS. Kwon Tae Wook will sell 1.8 million shares representing 28.6% stake, Yongjin Lee will sell 1.7 million shares representing 27.3% stake and Sang Chul Shin will sell 0.36 million shares representing 5.7% stake in MYUNGSUNG TNS. As on February 6, 2020, Terms of the transaction was revised Taekdong Oh, Jain Cherry Hill, M-Tech Consortium, M-Tech Consortium, Plains 2, Gold Drift Association and Flavtex signed a contract to acquire 61.59% stake in MYUNGSUNG TNS Co., LTD. from Kwon Tae Wook, Yongjin Leeand Sang Chul Shin for KRW 49 billion. Under the terms of the transaction, 3.9 million shares will be acquired at a price of KRW 15500 per share. Out of total consideration, KRW 5.15 billion will be paid as down payment on December 4, 2020, KRW 24.9 billion will be paid on February 6, 2020, KRW 9.6 billion will be paid on February 17, 2020 and the remaining KRW 8.3 billion will be paid April 29, 2020. Taekdong Oh will acquire 1.9 million shares representing 31.28% stake, Jain Cherry Hill will acquire 0.29 million shares representing 4.59% stake, M-Tech Consortium will acquire 0.48 million shares representing 7.54% stake, Lucky No.1 will acquire 0.37 million shares representing 5.81% stake, Plains 2 will acquire 0.31 million shares representing 4.97% stake, Gold Drift Union will acquire 0.31 million shares representing 4.97% stake and Flavertex Co., Ltd will acquire 0.15 million shares representing 2.42 % stake in MYUNGSUNG TNS. Transaction is expected to close on February 12, 2020. As on February 6, 2020 Transaction is expected to close on February 17, 2020. As per disclosure, the down payment amount has changed to KRW 6.1 billion and the third balance will be now paid on May 6, 2020, instead of April 29, 2020.