WONIK Co., LTD. (KOSDAQ:A032940) acquired additional 19.9% stake in Jang San for approximately KRW 660 million on December 28, 2016. WONIK acquired 0.065 million shares of Jang San. The consideration will be paid in cash. Jang San reported total assets of KRW 8.5 billion, net assets of KRW 3.15 billion, sales of KRW 1.5 billion and net profit of KRW 93 million for the year ended December 31, 2015. The transaction is resolved by the Board of WONIK Co., LTD and is expected to complete on December 28, 2016. WONIK Co., LTD. (KOSDAQ:A032940) completed the acquisition of additional 19.9% stake in Jang San on December 28, 2016.