NSENG agreed to acquire 32.69% in Paratech Company Limited (KOSDAQ:A033540) from Base Hd Co.,Ltd. for KRW 42.2 billion on October 7, 2020. The offer per share is approximately KRW 7600. As per disclosure of November 19, 2020, the deal terms were revised and NSENG, Nature Sketch Co and Albatross Fund amended the terms to transaction and now they will acquire 21.62% in Paratech Company Limited from Base Hd Co.,Ltd. for KRW 27.9 billion. As per the original and amended terms of transaction, consideration of KRW 4.2 billion was deposited on the date of signing of contract which is October 7, 2020. As per the original terms of the agreement, intermediate payment of KRW 14.3 billion was to be paid before November 11, 2020 and remaining balance of KRW 23.6 billion before December 31, 2020. As per amended terms of the agreement, NSENG, Nature Sketch Co and Albatross Fund will acquire 2.5 million shares, 0.7 million and 0.5 million shares of Paratech respectively. The payment date for the balance of the new deal value will be main contract 2 days before the related extraordinary shareholders' meeting with a deadline until December 31, 2020. As per the correction made on December 16, 2020, the balance payment will be made on January 29, 2021. Consideration of intermediate payment will be paid by issue of 1.881579 million shares and balance payment will be paid by the issue of 3.671613 million shares. In a related deal on November 11, 2020, Base HD signed a stock transfer contract to transfer 1.9 million shares to Paratech New Technology Investment Association No. 1 and the full payment and ownership transfer on the day were completed. Hence, post completion of these transactions, Base Hd will hold nil stake while NSENG will hold 21.62% stake in Paratech Company. The shares will be transferred when balance will be paid. The transaction as per original terms was expected to complete on December 31, 2020. As per the amended terms, the transaction is expected to close on December 28, 2020. As of December 16, 2020, the transaction is expected close on January 29, 2021. The transaction is expected close on February 5, 2021. NSENG, Nature Sketch Co., Ltd., Albatross Fund managed by Albatross Investment Capital Co., Ltd. cancelled the acquisition of 32.69% in Paratech Company Limited (KOSDAQ:A033540) from Base Hd Co.,Ltd. for KRW 28 billion on February 5, 2021.