Cube Entertainment Inc. agreed to acquire Woori Special Purpose Acquisition 2 Co., Ltd. (KOSDAQ:A182360) from LS Asset Management Co., Ltd. and other shareholders in a reverse merger transaction on October 27, 2014. The merger ratio is 1:3.4624076 between Woori Special Purpose Acquisition 2 and Cube Entertainment and approximately 18.1 million new shares of Woori Special Purpose Acquisition will be issued for the merger. The deal is subject to resolved by October 27, 2014. The transaction is expected to complete on March 4, 2015. Post transaction Cube Entertainment Inc. will be dissolved and Woori Special Purpose Acquisition 2 Co., Ltd. (KOSDAQ:A182360) will survive. As of January 13, 2015, the merger date will be March 30, 2015. As of February 6, 2015, the number of new shares issued will be 18.07 million shares. As of February 26, 2015, Woori Special Purpose Acquisition 2's shareholders approved the deal. The scheduled delivery date of new share certificates is April 8, 2015 while the scheduled listing date is April 9, 2015. As of March 20, 2015 Dream Asset Management Co. Ltd. stake reduced to 7.84% stake. The merger is expected to register on April 1, 2015. E-Chon Accounting Corporation acted as external evaluator for Woori Special Purpose Acquisition.

Cube Entertainment Inc. completed the acquisition of Woori Special Purpose Acquisition 2 Co., Ltd. (KOSDAQ:A182360) from LS Asset Management Co., Ltd. and other shareholders in a reverse merger transaction on April 7, 2015. Cube Entertainment Inc. started trading on April 9, 2015.