JCC Holdings Co., Ltd. signed an agreement to acquire 25.1% in Korea Renewable Power & Energy Corporation (KOSDAQ:A060900) from DK Partners No.1 Private Equity Partnership for KRW 20 billion on December 24, 2019. As per terms, 23.7 million shares will be acquired for cash. As per terms, KRW 3 billion will be paid as down payment and balance on March 27, 2020. On December 31, 2019, KRW 2.8 billion will be paid as down payment and balance by March 27, 2020. As of May 28, 2020, JCC Holdings Co., Ltd. agreed to acquire 6% stake in Korea Renewable Power & Energy Corporation from CP Partners LLC, fund manage by Paratus Investment Inc. for KRW 6.7 billion. JCC Holdings will now acquire 7.9 million shares. A down payment of KRW 2.8 billion has been already paid and remaining will be paid on May 29, 2020. The scheduled date for transaction completion is March 27, 2020. As of March 27, 2020, the scheduled date for transaction completion is May 29, 2020.