Mapletree Investments Pte Ltd. agreed to acquire Kumho Asiana Plaza Saigon Co., Ltd. from Kumho Industrial Co., Ltd. (KOSE:A002990) and Asiana Airlines, Inc. (KOSE:A020560) for approximately $220 million on June 9, 2016. Mapletree Investments will acquire 50% stake from Asiana Airlines, Inc. and remaining 50% from Kumho Industrial Co., Ltd. at $107.5 million each. For the year ended December 31, 2015, Kumho Asiana Plaza Saigon had total assets of $170.43 million (KRW 200.4 billion), revenues of $55.33 million (KRW 65.1 billion) and net profit of $7.5 million (KRW 8.8 billion). As on July 28, 2016, Kumho Industrial and Asiana Airlines will be paid $109.7 million each as consideration. The deal completion is scheduled on July 28, 2016. The conversions were done through www.oanda.com.

Mapletree Investments Pte Ltd. completed the acquisition of Kumho Asiana Plaza Saigon Co., Ltd. from Kumho Industrial Co., Ltd. (KOSE:A002990) and Asiana Airlines, Inc. (KOSE:A020560) on January 10, 2017.