Minebea Co. Ltd. (TSE:6479) and Moatech Co., Ltd. (KOSDAQ:A033200) signed a definitive agreement to acquire an additional 21.22% stake in K.J. Pretech Co. Ltd. (KOSDAQ:A083470) from Dukkyung Kim, Dongsun Kim, Hongchul Park, Limitless Holdings and Zum Co., Ltd for KRW 13.78 billion on July 21, 2016.

Minebea Co. Ltd and Moatech Co., Ltd. will acquire 4.11 million shares in K.J. Pretech Co. Ltd. at KRW 3350 per share.

The shares will be transferred within 45 days from the contract signing date.