Shinhoo Co., Ltd. (KOSDAQ:A066430) agreed to acquire 19% stake in Kiroy Company for approximately KRW 170 million on September 8, 2015. Shinhoo Co., Ltd. is acquiring 0.34 million shares. For the period ending December 31, 2014, Kiroy Company reported total assets of KRW 592 million, sales of KRW 132 million and net loss of KRW 1.1 billion. The transaction has been resolved by Board of Directors of Shinhoo Co., Ltd. on September 8, 2015. The transaction is expected to be closed by September 8, 2015. Shinhoo Co., Ltd. (KOSDAQ:A066430) cancelled the acquisition of 19% stake in Kiroy Company on September 8, 2016.