TONGYANG NETWORKS Corporation (KOSE:A030790) acquired 4.41% stake in Tongyang Cement & Energy Corp (KOSE:A038500) from Tongyang Inc (KOSE:A001520) for KRW 15.3 billion in cash on January 10, 2013. TONGYANG NETWORKS acquired 5.64 million shares of Tongyang Cement & Energy. Pursuant to the transaction, Tongyang Inc's stake in Tongyang Cement & Energy has reduced to 57.71%. The Board of Directors of Tongyang Inc and TONGYANG NETWORKS Corporation resolved the deal on January 10, 2013.

TONGYANG NETWORKS Corporation (KOSE:A030790) completed the acquisition of 4.41% stake in Tongyang Cement & Energy Corp (KOSE:A038500) from Tongyang Inc (KOSE:A001520) on January 10, 2013.