Cube Entertainment Inc. agreed to acquire Woori Special Purpose Acquisition 2 Co., Ltd. (KOSDAQ:A182360) from LS Asset Management Co., Ltd. and other shareholders in a reverse merger transaction on May 28, 2014. The merger ratio is 1:3.8252772 between Woori Special Purpose Acquisition 2 and Cube Entertainment and 19.97 million new shares of Woori Special Purpose Acquisition will be issued for the merger. The transaction is expected to complete on October 17, 2014.

Cube Entertainment Inc. cancelled the acquisition of Woori Special Purpose Acquisition 2 Co., Ltd. (KOSDAQ:A182360) from LS Asset Management Co., Ltd. and other shareholders in a reverse merger transaction on July 18, 2014. The deal is cancelled due to the withdrawal of merger listing application, which was merger contract requirement after the discussion with Woori Special Purpose Acquisition 2 Co., Ltd. in the process of merger listing application to Korea Exchange due to various factors.