Fine International Corp acquired an additional 10.58% stake in Fine Besteel Co., Ltd from In-Hwa Jang for KRW 8.3 billion on November 21, 2018. Under the terms, Fine International acquired 3.1 million shares at KRW 2,655 per share. Post-acquisition, Fine International increased the shareholding from 4.1 million shares (13.93%) to 7.2 million shares (24.51%) and In-Hwa Jang reduced the shareholding from 6.82 million shares (23.07%) to 3.69 million shares (12.50%) in Fine Besteel. The transaction has been funded by own funds of Fine International. Fine International Corp completed the acquisition of an additional 10.58% stake in Fine Besteel Co., Ltd from In-Hwa Jang on November 21, 2018.