LG Hausys, Ltd. (KOSE:A108670) agreed to acquire remaining 5.14% stake in LG Hausys Tianjin Co., Ltd. for KRW 47 billion on July 25, 2019. The consideration will be paid in cash. Post acquisition, LG Hausys, Ltd. will hold 100% stake in LG Hausys Tianjin Co., Ltd. For the year ended December 31, 2019, LG Hausys Tianjin Co., Ltd. reported total assets of approximately KRW 170 billion, sales of approximately KRW 100 billion, net loss of approximately KRW 370 billion and total common equity of 21.2 billion. The board of LG Hausys, Ltd. resolved the acquisition. The transaction is expected to close on August 12, 2019.