GH Advanced Materials Inc. (KOSDAQ:A130500) signed a contract to acquire yarn business division from Samheung Corp. for KRW 5 billion on December 8, 2017. The consideration is payable in cash. The business division reported sales of KRW 19.3 billion for period ended December 31, 2016. The Board of Directors of GH Advanced Materials Inc. resolved the deal on December 8, 2017. On January 23, 2018, shareholders of GH Advanced Materials Inc approved the transaction. The deal is expected to close on January 31, 2018. e-Jung Accounting Corporation acted as external rating institution.