OceanStone Corp. (XKON:A329020) agreed to acquire 6.98% stake in Myungjin holdings.,Corp. (XKON:A267060) for KRW 2 billion on August 14, 2020. OceanStone Corp. will acquire 0.74 million shares. Payment of KRW 300 million will be paid on August 14, 2020 and KRW 1.7 billion on August 21, 2020. IN current year, Mjholdings has total assets of KRW 15 billion, total equity of KRW 11.5 billion, sale of KRW 17.95 billion and net loss of KRW 3 billion.

Board resolution date is August 14, 2020. Scheduled acquisition date is August 14, 2020.