Seoyeon Co., Ltd. (KOSE:A007860) made a bid to acquire additional 37% stake in Han Il E Wha Co., Ltd. (KOSE:A200880) for approximately KRW 190 billion on November 11, 2014. Seoyeon will acquire additional 10 million shares in stock and will issue 11.72 million shares. Post the completion of transaction, Seoyeon will own 13.8 million shares of Han Il E Wha. The issue expenses would be KRW 444.31 million. Seoyeon Co., Ltd. made a bid to acquire additional 37% stake in Han Il E Wha Co., Ltd. (KOSE:A200880) for approximately KRW 170 billion on November 25, 2014. Seoyeon will acquire additional 10 million shares in stock and will issue 10.85 million shares. The issue expenses would be KRW 442.21 million. The tender offer will commence on November 27, 2014 and end on December 16, 2014. As of December 17, 2014, Seoyeon will acquire additional 10 million shares in stock and will issue 10.01 million shares as consideration. The payment date for the transaction is December 18, 2014. The condition for tender offer is that no cash payment would be made to shareholders of Hanil E-Hwa. KB Investment & Securities Co., Ltd. and Daishin Securities Co. Ltd. acted as financial advisors on the transaction.

Seoyeon Co., Ltd. (KOSE:A007860) completed the acquisition of an additional 34.4% stake in Han Il E Wha Co., Ltd. (KOSE:A200880) for approximately KRW 160 billion on December 16, 2014.