Smac Co. Ltd. (KOSDAQ:A097780) signed a contract to acquire 30.44% stake in Barun Electronics Co., Ltd. (KOSDAQ:A064520) from Enplus Co., Ltd. (KOSE:A074610) for KRW 12 billion on August 18, 2021. As reported, Smac Co. Ltd. will acquire 22.4 million shares in Barun Electronics Co., Ltd. at a price of KRW 535 per share. Under the terms of contract, a down payment of KRW 1.2 billion constituting 10% of the purchase consideration has been made and 2.24 million shares transferred on August 18, 2021. An interim payment of KRW 4.8 billion, representing 40% of purchase consideration is scheduled to be paid on August 27, 2021 with 8.97 million shares transferred and the balance consideration of KRW 6 billion, representing 50% of purchase consideration is scheduled to be paid on September 16, 2021 with remaining 11.2 million shares transferred. The scheduled date of change is September 16, 2021.

Smac Co. Ltd. (KOSDAQ:A097780) completed the acquisition of 30.44% stake in Barun Electronics Co., Ltd. (KOSDAQ:A064520) from Enplus Co., Ltd. (KOSE:A074610) on September 1, 2021.