FusionData Co.,Ltd (KOSDAQ:A195440) agreed to acquire 73.33% stake in SNK Global Co., Ltd. from William Holdings Co., Ltd. and others for KRW 4 billion on December 26, 2018. A total of 0.28 million shares will be acquired as part of the deal. Consideration will be paid in cash. KRW 3 billion will be paid on December 26, 2018 as deposit and the remaining KRW 1 billion will be paid as of January 30, 2019. As per the amendment report on January 30, 2019, FusionData will acquire 100% stake in SNK Global for KRW 6 billion. A total of 0.38 million SNK Global shares will be acquired. As per amendment, KRW 1 billion will be paid on February 1, 2019 and balance KRW 2 billion on April 30, 2019. As per amendment on April 30, 2019, balance payment of KRW 2 billion shall be payable on June 30, 2019. As per the update, the balance payment remaining as of June 30, 2019 is KRW 1.3 billion. SNK Global reported total assets of KRW 9.5 billion, net assets of KRW 4.4 billion, sales of KRW 28.4 billion and net profit of KRW 498 million as of December 31, 2017. Board of Directors of FusionData resolved in favor of the deal on December 26, 2018. Deal is expected to close by February 28, 2019. As per amendment report on December 27, 2018, the transaction is expected to be completed by January 30, 2019. As per amendment report on January 30, 2019, the transaction is expected to be completed by April 30, 2019. As of April 30, 2019, transaction is expected to complete by June 30, 2019. One Ji Accounting Group Llc acted as external rating institution in the deal. FusionData Co.,Ltd (KOSDAQ:A195440) completed the acquisition of SNK Global Co., Ltd. from William Holdings Co., Ltd. and others on July 5, 2019. The first balance payment of KRW 700 million was made on March 26, 2019, the second balance payment of KRW 650 million was made on June 25, 2019 while the remaining balance consideration of KRW 650 million was paid on July 5, 2019.