An unknown buyer agreed to acquire 98.8% stake in Daehan Solar Power Energy Generation Co., Ltd. from Korea Renewable Power & Energy Corporation (KOSDAQ:A060900) for KRW 2.2 billion on June 25, 2019. As per the transaction, Korea Renewable Power & Energy Corporation will sell 0.08 million shares. The down payment of KRW 1 billion has paid on the date of agreement and balance payable by the 15th of following month. As of July 15, 2019, balance payment will be payable on 31st of following month. Post completion, Daehan Solar Power Energy Generation Co., Ltd will cease to be subsidiary of Korea Renewable Power & Energy Corporation. The Board of Directors of Korea Renewable Power & Energy Corporation passed the resolution for transaction. Completion is expected to take place on July 15, 2019. As of July 15, 2019, completion will take place on July 31, 2019. An unknown buyer cancelled the acquisition of 98.8% stake in Daehan Solar Power Energy Generation Co., Ltd. from Korea Renewable Power & Energy Corporation (KOSDAQ:A060900) on June 25, 2020.