Alive Fund agreed to acquire 11.4% stake in EQUISnZAROO Co., Ltd. (KOSDAQ:A058530) from ZAROO I Inc. for KRW 19 billion on February 3, 2017. Under the terms of the transaction, Alive Fund will acquire 3.6 million shares of EQUISnZAROO Co. As a part of the consideration, Alive Fund will receive as a deposit of KRW 1.9 billion, second payment of KRW 6.5 billion will be paid on February 21, 2017, third payment of KRW 3.6 billion to be paid 17 days before the general meeting of shareholder 0.68 million shares to be transferred and balance of KRW 7 billion to be paid the day before the General meeting of shareholders 1.6 million shares to be transferred. As of March 14, 2017, Alive Fund will acquire 0.68 million shares and will pay KRW 3.6 billion on March 17, 2017 and will acquire 1.69 million shares and will pay KRW 7 billion on March 29, 2017. After the completion of the transaction, ZAROO I Inc. will hold 0.64 million shares representing 1.86% stake. On March 17, 2017, KRW 1 billion was paid and KRW 2.6 billion will be paid on March 20, 2017 to acquire 0.68 million shares. On March 20, 2017, KRW 2.6 billion won payment completed representing 0.68 million shares. The transaction is expected to complete on March 29, 2017.