RBK EMD Co., Ltd. (KOSDAQ:A106080) and G2 Korea Co., Ltd agreed to acquire YT Capital Corp. from Mason Capital Corporation (KOSDAQ:A021880) for KRW 14 billion on August 10, 2018. A total of 0.77 million shares will be acquired as part of the deal. Consideration will be paid on the closing date of the transaction. RBK EMD will acquire 0.22 million shares for KRW 4 billion in cash and G2 Korea will acquire 0.55 million shares for KRW 10 billion. As per the amendment report of August 24, 2018, if the balance payment is not executed in accordance with this stock acquisition/sales agreement, this contract will be automatically canceled. Board of Mason Capital Corporation resolved in favor of the deal on August 10, 2018. The Board of Directors of RBK EMD Co., Ltd. passed a resolution for the transaction on August 10, 2018. The transaction for RBK EMD Co., Ltd. is expected to be completed on August 10, 2018. Deal is expected to close by August 24, 2018. As per the report of August 24, 2018, if the balance payment is not executed in accordance with this stock acquisition/sales agreement, this contract will be automatically canceled. As on August 24, 2018, shares to be acquired by RBK EMD were not acquired. RBK EMD will make another disclosure if there's a change or cancellation in the contract.

RBK EMD Co., Ltd. (KOSDAQ:A106080) and G2 Korea Co., Ltd cancelled the acquisition of YT Capital Corp. from Mason Capital Corporation (KOSDAQ:A021880) on August 24, 2018. As on August 24, 2018, as the balance wasn't paid by the balance payment date, the stock acquisition/sales contract was automatically cancelled according to the terms of the contract.