Damoa Investment Fund managed by W Investment & Finance Co., Ltd., Pangaea I&C Co., Ltd., SC Traffic Co., Ltd. and CPP Korea Co., Ltd. entered into an agreement to acquire 21.11% stake in Truwin Company Limited (KOSDAQ:A105550) from Yonghyun Nam for KRW 25.8 billion on July 31, 2019. Pangaea I&C Co., Ltd. Co., Ltd. will acquire 1.47 million shares, Damoa Investment Fund managed by W Investment & Finance Co., Ltd. will acquire 0.4 million shares, SC Traffic Co., Ltd. will acquire 0.2 million shares and CPP Korea Co., Ltd. will acquire 0.2 million shares for KRW 11352 per share. KRW 4 billion have been paid on the contract signing date of July 31, 2019. The buyers will pay the acquisition price in multiple stages. Post completion of the acquisition, Yonghyun Nam will own 4.8% stake, Pangaea I&C Co., Ltd. will own 13.35% stake in Truwin Company Limited. For the year ended December 31, 2018, Truwin Company Limited held total assets of KRW 2.38 billion. The acquisition is expected to complete on December 20, 2019.