TheKeysa Co., Ltd. and The Mind Asset Co., Ltd. signed a contract to acquire 5.78% stake in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Future Tech One Co., Ltd. for KRW 10.5 billion on April 16, 2019. TheKeysa Co., Ltd. and The Mind Asset will acquire 3.4 million shares at KRW 3,100 per share in cash. TheKeysa Co., Ltd. will acquire 3.1 million shares and The Mind Asset will acquire 0.3 million shares of Magic Micro. The buyers will pay KRW 1 billion in down payment and KRW 1 billion won in second payment to a bank account designated by Future Tech One at the date of the signing of the contract. Balance payment will be done on the date of temporary general meeting of shareholders, which is scheduled to be held by Magic Micro, and is either escrowed to a law firm designated by mutual agreement or deposited into a bank account designated by the seller by the date of the contract. On April 17, 2019, Jaehoon Choi, TheKeysa Co., Ltd. and The Mind Asset Co., Ltd. signed a contract to acquire 5.78% stake in Magic Micro Co.,Ltd. from Future Tech One Co., Ltd. for KRW 10.5 billion. Jaehoon Choi will acquire 1.6 million shares, TheKeysa Co., Ltd. will acquire 1.5 million shares and The Mind Asset will acquire 0.32 million shares of Magic Micro. The buyers will pay KRW 1 billion in down payment to a bank account designated by Future Tech One Co., Ltd. at the date of the signing of the contract and will pay KRW 2 billion to a bank account designated by Future Tech One Co., Ltd. by April 17, 2019. The balance of KRW 7.45 billion on the day of the temporary shareholders' meeting, which Magic Micro is scheduled to hold, and either escrow to a law firm designated as a mutual agreement or deposit into a bank account designated by Future Tech One Co., Ltd. As of April 17, Future Tech One Co., Ltd. completed the sale of 1.6 million shares. As of May 22, 2019, the deal terms were revised. As per the revised terms, Myungsik Oh, Jaehoon Choi and The Mind Asset Co., Ltd. will now acquire 6.93% stake in Magicmicro Co.,Ltd from Future Tech One Co., Ltd. and Won Jang for KRW 12.7 billion. Myungsik Oh will acquire 2.35 million shares, Jaehoon Choi will acquire 1.58 million shares and The Mind Asset Co., Ltd. will acquire 0.15 million shares. As of June 27, 2019, The Mind Asset Co., Ltd. and Jaehoon Choi shall acquire 6.93% stake in Magicmicro Co.,Ltd from Future Tech One Co., Ltd. and Won Jang. The Mind Asset Co., Ltd. shall acquire 2.5 million shares representing 4.18% stake and Jaehoon Choi shall acquire 1.58 million shares, respectively in Magicmicro. The buyers shall pay the balance of KRW 9.46 billion to the bank account designated by the seller by July 16, 2019. As on October 15, 2019, the buyers shall pay the balance of KRW 9.65 billion to the bank account designated by the seller by December 10, 2019. As on March 30, 2020, the buyers shall pay the balance of KRW 9.68 billion to the bank account designated by the seller by April 29, 2020. As of April 29, 2020, the buyer shall pay the balance of KRW 9.648 billion to the bank account designated by the seller by June 30, 2020 As of June 27, 2019, the transaction is expected to close on July 16, 2019. As of July 16, 2019, the transaction is expected to close on July 23, 2019. As of July 23, 2019, the transaction is expected to close on July 31, 2019. As of July 31, 2019, the transaction is expected to close on August 14, 2019. As of August 14, 2019, the transaction is expected to close on August 30, 2019. As on October 15, 2019, the transaction is expected to close on December 10, 2019. As of December 10, 2019, the transaction is expected to close on March 30, 2020. As of March 30, 2020, the transaction is expected to close on April 29, 2020. As of April 29, 2020, transaction is expected to close on June 30, 2020. TheKeysa Co., Ltd. and The Mind Asset Co., Ltd. completed the acquisition of 6.4% stake in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Future Tech One Co., Ltd. on June 30, 2020.