Pavilion 3rd SPC acquired 6.8% stake in PAXNet, Inc. (KOSDAQ:A038160) for KRW 7.8 billion on December 22, 2017. As per the terms of the transaction, PAXNet, Inc. acquire 0.8 million shares at KRW 10,373 per share. Pavilion 3rd SPC issued 15.7 million shares to fund the transaction. Pavilion 3rd SPC completed the acquisition of 6.8% stake in PAXNet, Inc. (KOSDAQ:A038160) on December 22, 2017.