New Pride Corporation (KOSDAQ:A900100) signed an agreement to acquire Yanji Wanda Plaza Tower B in Yanji City, China from Yanji Wanda Plaza Investment Limited for KRW 15.5 billion on December 21, 2015. New Pride will pay deposit of CNY 8.5 million (KRW 1.48 billion) on the formal contract agreement date, second payment of CNY 42.5 million (KRW 7.41 billion) on December 21, 2015, third payment of CNY 17 million (KRW 2.96 billion) on December 30, 2015 and balance consideration of CNY 17 million (KRW 2.96 billion) by June 30, 2016. As of June 30, 2016, New Pride will now pay balance consideration of CNY 3 million (KRW 522.87 million) by June 30, 2016 and CNY 14 million (KRW 2.44 billion) by July 29, 2016. The deal is expected to close on December 21, 2016. Samdo Accounting Corporation acted as external rating institution in the transaction. The currency conversions were done through www.oanda.com as of June 30, 2016. New Pride Corporation (KOSDAQ:A900100) cancelled the acquisition of Yanji Wanda Plaza Tower B in Yanji City, China from Yanji Wanda Plaza Investment Limited on December 21, 2016.