Sunghee Choi, Youngsung Kim, Youngae Shin, Jungmin Seo and Seokwoon Yoo acquired 5.55% stake in Raontec Inc. (XKON:A232680) from KoFC-KIP Pioneer Champ 2010-1 Venture Capital Fund of Korea Investment Partners Co. Ltd. for approximately KRW 790 million on October 17, 2016. KoFC-KIP Pioneer Champ 2010-1 sold 0.12 million shares at KRW 6200 per share. Sunghee Choi, Youngsung Kim, Youngae Shin, Jungmin Seo and Seokwoon Yoo completed the acquisition of 5.55% stake in Raontec Inc. (XKON:A232680) from KoFC-KIP Pioneer Champ 2010-1 Venture Capital Fund of Korea Investment Partners Co. Ltd. on October 17, 2016.