Hyundai BS&C Co., Ltd. agreed to acquire 6% stake in eMarine Global Inc. (OTCPK:EMRN) from Jason Venture Pte. Ltd. for KRW 1.4 billion on November 7, 2018. Jason Venture Pte. Ltd exercised its option to sell 1.4 million shares of eMarine at KRW 759 per share plus interest accrued on the aggregate consideration at a rate of 5.38% per annum for the period from October 28, 2011 to November 7, 2018. The consideration will be paid in cash by December 6, 2018. As on January 18, 2019, Jason Marine entered into an amended and restated agreement and extended the expiration date of the put option from 31 December 2019 to 31 December 2022. The proceeds will be used for the general working capital of Jason Marine Group Limited (Catalist:5PF).