Blue Win Value-Up Association Signed a share transfer agreement to acquire 9.7% stake in ITX-M2M Co., Ltd. (KOSDAQ:A099520) from Sang Yeol Park for KRW 7 billion on March 18, 2020. Under the terms, Blue Win paid KRW 1 billion on March 18, 2020 and will pay remaining KRW 6 billion on May 7, 2020. As of May 6, 2020, the payment schedule has been modified with deposit of KRW 1 billion on March 18, 2020, additional deposit of KRW 1 billion on May 6, 2020 and remaining balance of KRW KRW 5 billion to be paid on May 28, 2020. Post-completion, Sang Yeol Park will reduce its stake in ITX-M2M Co., Ltd. from 18.22% to 8.5%. The transaction will be financed using own funds of Blue Win Value-Up Association. Transaction is expected to complete on May 7, 2020. The transaction is now expected to close on May 28, 2020. Blue Win Value-Up Association completed the acquisition of 9.7% stake in ITX-M2M Co., Ltd. (KOSDAQ:A099520) from Sang Yeol Park on May 28, 2020.