An unknown buyer acquired 2.9% stake in ILJIN Materials Co., Ltd. (KOSE:A020150) from Jaemyung Heo for KRW 71.8 billion on August 31, 2018. Under the terms of the transaction, Jaemyung Heo sold 1.35 million shares at KRW 53,360 per share. Upon completion, Jaemyung Heo holds 24.6 million shares in ILJIN Materials Co., Ltd. The proceeds will be used for repayment of loan. An unknown buyer completed the acquisition of 2.9% stake in ILJIN Materials Co., Ltd. (KOSE:A020150) from Jaemyung Heo on August 31, 2018.