Huons Global Co Ltd. (KOSDAQ:A084110) made an offer to acquire an additional 50.89% stake in Huons Co., Ltd. (KOSDAQ:A243070) from six individuals for approximately KRW 310 billion on July 4, 2016. Huons Global Co Ltd will acquire 3 million shares of Huons Co., Ltd. will issue 4.96 million shares as consideration. After the transaction, Huons Global Co Ltd will hold 3.06 million shares of Huons Co., Ltd amounting to 51.83% stake in Huons Co., Ltd after the transaction. 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. As on July 20, 2016, the exchange ratio has been amended. For each share of Huons Co., Ltd, 1.83095397 shares of Huons Global will be issued as consideration. The tender offer period is from July 22, 2016 to August 10, 2016. Huons Global will use the proceeds amounting KRW 288.18 billion to acquire other company securities. Korea Investment & Securities Co., Ltd. acted as the service handling agency.

Huons Global Co Ltd. (KOSDAQ:A084110) cancelled the acquisition of additional 50.89% stake in Huons Co., Ltd. (KOSDAQ:A243070) from six individuals on July 4, 2017.