Sapphire Technology Co., Ltd (KOSDAQ:A123260) agreed to acquire 58.2% stake in Intek Digital Inc. from KMH Co., Ltd. and Sangju Choi for KRW 15 billion on May 24, 2018. Consideration will be paid in cash. KMH Co., Ltd will sell 1.6 million shares and Sangju Choi will sell 2.03 million shares as part of the deal. Intek Digital Inc. reported total assets of KRW 12.63 billion, net assets of KRW 1.2 billion, sales of KRW 30.05 billion and net profit of KRW 3.4 billion as of 2017. Board of Sapphire Technology resolved in favor of the deal. Deal is expected to close on the same date. Sapphire Technology Co., Ltd (KOSDAQ:A123260) cancelled the acquisition to acquire 58.2% stake in Intek Digital Inc. from KMH Co., Ltd. and Sangju Choi on May 24, 2019.