Innox Corp. (KOSDAQ:A088390) entered into a contract to acquire 41.1% stake in Alton Sports Co., Ltd. (KOSDAQ:A123750) from Chan-Woo Park for KRW 50.8 billion on February 11, 2015. Innox will acquire 4.75 million shares at an offer per share of KRW 10700. Innox Corp. will pay deposit of KRW 1 billion on February 11, 2015, second payment of KRW 14.2 billion on February 25, 2015 and balance of KRW 35.6 billion on March 26, 2015. Chan-Woo Park is the Chief Executive Officer of Alton Sports. The transaction amount will be supplied with Innox Corp.'s own fund KRW 20.8 billion and loan of KRW 30 billion. The resolution date of Board of Directors of Innox Corp is February 11, 2015. The scheduled completion date of assets acquisition is March 26, 2015. Taeyoung Accounting Corporation acted as evaluating agency in the transaction.

Innox Corp. (KOSDAQ:A088390) completed the acquisition of 41.1% stake in Alton Sports Co., Ltd. (KOSDAQ:A123750) from Chan-Woo Park on February 16, 2015.