TMH Consortium acquired 33.2% stake in ESV Inc. (KOSDAQ:A223310) from Jong Su Lee for KRW 23 billion in stock on January 25, 2017. Under the terms of the transaction, TMH Consortium acquired 2.2 million shares in ESV Inc at KRW 10454 per share. Post-closing, TMH Consortium will be the largest shareholder of ESV Inc. The transaction was funded from Own funds and borrowings/loans. Post-closing, ESV Inc. will appoint new director and auditor from the periodical general meeting of shareholders. Jongpil Jin was appointed as business manager. TMH Consortium completed the acquisition of 33.2% stake in ESV Inc. (KOSDAQ:A223310) from Jong Su Lee in stock on January 25, 2017.