New Pride Corporation (KOSDAQ:A900100) agreed to acquire remaining 49% stake in New Pride Motors Co., Ltd. for KRW 2.6 billion on January 26, 2016. The consideration will be paid through issuance of convertible bonds. The funds were raised through KRW 1 billion convertible notes raised in December 2016. The deal was resolved by Board of New Pride Corporation on January 26, 2016. The transaction is expected to close on January 26, 2016. Samdo Accounting Corporation acted as external evaluation Institution for New Pride Corporation. New Pride Corporation (KOSDAQ:A900100) cancelled the acquisition of remaining 49% stake in New Pride Motors Co., Ltd. on January 26, 2017.