WONIK Co., LTD. (KOSDAQ:A032940) agreed to acquire an additional 33.99% stake in Garden of Sky from Myungchul Shin for KRW 5.5 billion on December 28, 2016. WONIK Co., LTD. will acquire 30,450 shares of Garden of Sky as part of the transaction. Post acquisition WONIK Co., LTD. (KOSDAQ:A032940) will hold 91,350 shares of Garden of Sky. Garden of Sky had total assets of KRW 7.36 billion and revenue of KRW 2.23 billion as on December 31, 2015. The above transaction will be closed when the payment is completed by WONIK Co., LTD. on December 28, 2016.