The Park Motors Co., Ltd agreed to acquire assets of Haein Motors from Haein Corporation (KOSE:A003010) for KRW 3.3 billion on July 19, 2016. The sale involves car stocks and inventory finance. The consideration will increase upon confirmation of inventories to be finalized on July 31, 2016. Haein Motors had total assets of KRW 11.7 billion. The terms may change upon approvals and negotiations with related institutions. The scheduled closing date is July 31, 2016. The Park Motors Co., Ltd cancelled the acquisition of assets of Haein Motors from Haein Corporation (KOSE:A003010) July 19, 2017.