Kyungchang Industrial Co. Ltd. (KOSDAQ:A024910) made an offer to acquire the additional 57.23% stake in KCW Corporation Co.Ltd. (KOSDAQ:A068060) from I'M Investment & Securities Co., Ltd, Asset Management Arm and others for KRW 24.9 billion in cash on February 4, 2015. Kyungchang Industrial will acquire 3.11 million shares of KCW Corporation for KRW 8000 per share.

Under the transaction, Kyungchang will acquire all remaining shares of KCW Corporation not held by itself and the related parties. Kyungchang Industrial Co. Ltd. holds 15.07% stake, Deok-su Son holds 23.54%, Tae-hwan Son holds 2.50%, Il-Ho Son holds 1.10% and Gichang Son holds 0.55% stake.

The tender offer period will be from February 4, 2015 to February 27, 2015. The payment of the transaction will be done on March 6, 2015. NH Investment & Securities Co., Ltd. acted as proxy advisor for the transaction.