Chong Kun Dang Holdings Corp. (KOSE:A001630) made an offer to acquire an additional 35.67% stake in Ckd Bio Corporation (KOSE:A063160) for KRW 55.9 billion on May 19, 2016. Chong Kun Dang Holdings will acquire 1.83 million shares.

Chong Kun Dang Holdings Corp. will issue 0.09 million shares for 1.83 million shares of Ckd Bio Corporation. If the total number of shares applied comes short of the estimated number of shares to be acquired, whole quantity will be acquired.

If it exceeds, there will be proportional acquisition. The tender offer duration is from June 21, 2016 to July 11, 2016 and the payment date is July 13, 2016. NH Investment & Securities Co., Ltd acted as the service handling institution.