Value Added Technology Co., Ltd. (KOSDAQ:A043150) acquired 51.13% stake in Vatech America, Inc. from Vatech E-Woo Holdings Limited for KRW 11.5 billion on February 3, 2017. Value Added Technology will issue 0.63 million shares of Rayence Co., Ltd. (KOSDAQ:A228850) as consideration. The deal is expected to close on February 3, 2017. Value Added Technology Co., Ltd. (KOSDAQ:A043150) completed the acquisition of 51.13% stake in Vatech America, Inc. from Vatech E-Woo Holdings Limited on February 3, 2017.