RFTech Co., Ltd. (KOSDAQ:A061040) signed a contract to acquire Youth Fill Co., Ltd. from Korea Science & Technology Holdings, Heedong Woo, Jungmoo Heo, Sunseop Kim and Seonghwan Seo for KRW 21.5 billion on June 5, 2019. As per terms, 0.45 million common shares and 0.1 million preferred shares will be acquired in cash. The sellers will sell 0.1 million preferred shares for KRW 3.9 billion, 0.26 million common shares for KRW 0.2 billion, 0.14 million common shares for KRW 5.5 billion, 0.035 million common shares for KRW 1.4 billion and 0.015 million shares for KRW 586.4 million. Out of the consideration, 20% is paid on contract signing and balance is payable on June 7, 2019. For the year ended December 31, 2018, Youth Fill Co., Ltd. reported total assets of KRW 3.2 billion, net assets of KRW 1.9 billion, revenues of KRW 3.5 billion and net income of KRW 872 million. The Board of Directors of RFTech Co., Ltd. resolved the deal on June 5, 2019. The deal is expected to be completed on June 7, 2019. RFTech Co., Ltd. (KOSDAQ:A061040) completed the acquisition of Youth Fill Co., Ltd. from Korea Science & Technology Holdings, Heedong Woo, Jungmoo Heo, Sunseop Kim and Seonghwan Seo on June 7, 2019.