Electronic Gaming Development Holding Company signed a contract to acquire 28.8% stake in Snk Corporation (KOSDAQ:A950180) from Zuikaku Co., Ltd for approximately KRW 210 billion on November 26, 2020. Zuikaku will sell 6.1 million shares at KRW 34,183 per share. The consideration will be paid on January 12, 2021. As of March 17, 2021, consideration will be paid on March 24, 2021. In a related transaction, Electronic Gaming Development Holding Company signed a stock purchase agreement to acquire 4.5% stake in Snk Corporation. After the transactions, Electronic Gaming Development Holding Company will hold 7 million shares amounting to 33.3% stake in Snk Corporation. The transaction is subject to approval of Financial Supervisory Service. The transaction is expected to be completed on January 12, 2021. As of January 12, 2021, The transaction will close by March 17, 2021. As of March 17, 2021, transaction is expected to complete on March 24, 2021. Electronic Gaming Development Holding Company completed the acquisition of 28.8% stake in Snk Corporation (KOSDAQ:A950180) from Zuikaku Co., Ltd on March 24, 2021.