An unknown buyer agreed to acquire 6.3% stake in SimmTech Co., Ltd. (KOSDAQ:A222800) for KRW 37.7 billion on September 8, 2020. As per the transaction, unknown buyer will acquire 2 million shares. Post completion, seller will hold 11.28 million shares representing 35.4% stake of SimmTech Co., Ltd. Board of Directors has passed the resolution for the transaction. Completion is expected on September 8, 2020.