CJ Corporation (KOSE:A001040) agreed to acquire the remaining 44.99% stake in CJ OliveNetworks Co., Ltd from Sunho Lee, Jaehwan Lee, KyungHo Lee, Sohye Lee and Hojun Lee on April 29, 2019. CJ Corporation (KOSE:A001040) signed the contract to acquire the remaining 44.99% stake in CJ OliveNetworks Co., Ltd from Sunho Lee, Jaehwan Lee, KyungHo Lee, Sohye Lee and Hojun Lee on May 2, 2019. As a result of the acquisition, CJ OliveNetworks CJ will become a wholly owned subsidiary of CJ Corporation. Board of Directors of both companies passed their Resolutions on April 29, 2019. CJ Corporation's and CJ OliveNetworks'; shareholder's approved the transaction on May 15, 2019 and September 26, 2019 respectively. CJ Corporation (KOSE:A001040) completed the acquisition of the remaining 44.99% stake in CJ OliveNetworks Co., Ltd from Sunho Lee, Jaehwan Lee, KyungHo Lee, Sohye Lee and Hojun Lee on December 27, 2019.