First Investment Advisors Co., Ltd, Ayin Partners Co., Ltd and DW Investment Co., Ltd signed a contract to acquire 11.47% stake in NK Mulsan Co., Ltd. (KOSE:A009810) from Pobis TNC Co., Ltd. (KOSDAQ:A016670) for KRW 7.3 billion on May 4, 2018. Under the terms, First Investment Advisors Co., Ltd, Ayin Partners Co., Ltd and DW Investment Co., Ltd will acquire 3.1 million shares each. The balance will be paid on May 18, 2018.

As of May 18, 2018, the payment date was extended. As of May 21, 2018, the balance payment will be paid on June 1, 2018. As of June 4, 2018, the balance payment will be paid on June 11, 2018.

Post completion of the transaction, Pobis TNC Co., Ltd. will continue to hold 5.4 million shares in NK Mulsan Co., Ltd. The transaction is expected to close on May 18, 2018. As per the amendment on May 18, 2018, the transaction is expected to close on June 1, 2018. As per the amendment on June 1, 2018, the transaction is expected to close on June 11, 2018.