Dongbang Transport & Logistics Co., Ltd. (KOSE:A004140) agreed to acquire unknown additional stake in Dongbang Textile (Shenyang) Co., Ltd. for KRW 14.9 billion on March 28, 2013. On completion, Dongbang Transport & Logistics Co., Ltd. will own 55.6% stake in Dongbang Textile (Shenyang) Co., Ltd. The Board of Directors of Dongbang Transport & Logistics resolved the transaction. The deal is expected to close on March 28, 2013.

Dongbang Transport & Logistics Co., Ltd. (KOSE:A004140) cancelled the acquisition of an additional stake in Dongbang Textile (Shenyang) Co., Ltd. on March 28, 2014.