Paratech, Termination of Share Agreement Accompanying Change of Major Shareholder
[Asia Economy Reporter Junho Hwang] Paratech announced on the 8th that the stock transfer agreement between its largest shareholder Base HD Co., Ltd. and NSE&G Co., Ltd. along with two others has been terminated. Paratech stated that Base HD Co., Ltd., the largest shareholder, had entered into a stock purchase agreement last October to transfer 3,671,613 shares (21.62% of the total issued shares) to NSE&G Co., Ltd. and two others, but since the final payment was not made on the 5th, the deposit was forfeited and the related contract was canceled.
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