Yuyang D&U Co.,Ltd. (KOSE:A011690) agreed to acquire a 14.4% stake in G-treeBNT Co., Ltd. (KOSDAQ:A115450) from G-tree Fund 1 for KRW 53.5 billion on December 23, 2016. Under the terms of the transaction, Yuyang D&U Co.,Ltd. will buy 3.2 million shares of G-treeBNT Co., Ltd. Post-closing, Yuyang D&U Co.,Ltd. will hold 14.4% stake in G-treeBNT Co., Ltd. Yuyang D&U Co.,Ltd. will deposit KRW 10 billion on the date of the contract and remaining sum will be paid in cash at closing. Yuyang D&U Co.,Ltd. will fund the purchase through own funds and borrowings.

Yuyang D&U Co.,Ltd. resolved the transaction on December 23, 2016. The transaction is expected to complete on March 28, 2017. As of March 28, 2017, the expected closing date has been changed from March 28, 2017 to April 11, 2017.

Songkang Accounting Corporation acted as an external rating institution in the transaction.