China Blue Co., Ltd. acquired 0.86% in Interbulls Co., Ltd. (KOSDAQ:A158310) from TGP Co., Ltd. and Yun Hyeong Ok for KRW 4 billion on October 28, 2016. Under the terms, TGP Co., Ltd. and Yun Hyeong Ok sold 25,000 shares each at a price of KRW 80,000 per share. Out of the total consideration, KRW 1 billion is paid on the contract signing date as KRW 500 million each to TGP Co., Ltd. and Yun Hyeong Ok and the balance of KRW 1.5 billion each is payable on the date. China Blue Co., Ltd. will use own funds of KRW 177.98 million for the acquisition. Jungsang Kim was appointed as Chief Executive Officer after resignation of earlier Chief Executive Officer Yun Hyeong Ok on December 12, 2016. The shareholders of Interbulls Co., Ltd. approve the transaction. China Blue Co., Ltd. completed the acquisition of 0.86% in Interbulls Co., Ltd. (KOSDAQ:A158310) from TGP Co., Ltd. and Yun Hyeong Ok on October 28, 2016.