Hwasubun Networks Co., Ltd and others acquired 49% stake in Gurum Company Inc. from Directouch Management Limited and Hak Jin Im for approximately KRW 830 million on July 27, 2016. Under the terms of the deal, 1.7 million shares are sold at an offer per share of KRW 500. The deal has been financed from own funds. The transaction is expected to complete on July 27, 2016. Hwasubun Networks Co., Ltd and others completed the acquisition of 49% stake in Gurum Company Inc. from Directouch Management Limited and Hak Jin Im on July 27, 2016.