FusionData Co., Ltd (KOSDAQ:A195440) agreed to acquire Techdata Global Co,. Ltd from Hongtae Kim for KRW 18 billion on December 27, 2017. FusionData Co., Ltd will acquire 0.16 million shares as part of the transaction. FusionData Co., Ltd will pay KRW 7 billion on January 10, 2018, KRW 1 billion each on December 31, 2018, December 31, 2019 and December 31, 2020 and the balance of KRW 8 billion via separate agreement. Techdata Global Co,. Ltd had total assets of KRW 109.6 billion and net assets of KRW 25.2 billion as at December 31, 2016. Techdata Global Co,. Ltd reported revenues of KRW 205.3 billion and net profit of KRW 2.6 billion in 2016. The transaction has been resolved by the Board of Directors of FusionData Co., Ltd on December 27, 2017. The transaction is expected to complete on January 10, 2018. One Ji Accounting Group LLC acted as External Rating Institution in the transaction. Samjong KPMG Advisory Inc. acted as a financial advisor to Hongtae Kim.