Home Center Holdings Co., Ltd. (KOSDAQ:A060560) made a tender offer to acquire additional 31.3% stake in Bokwang Industry Co., Ltd. (KOSDAQ:A225530) for approximately KRW 130 million on October 13, 2016. The offer is made to acquire 7.2 million shares at a price of KRW 17,500 per share. Half of the consideration will be paid in cash and the balance in shares of Home Center Holdings Co., Ltd. Hence, KRW 63 million will be paid in cash and stock each including 12.2 million shares of Home Center Holdings Co., Ltd. at a price of KRW 5170 per share. Post completion, Home Center Holdings Co., Ltd. will hold 8.5 million shares in Bokwang Industry Co., Ltd. The tender offer will commence from November 11, 2016 to November 30, 2016. Payment is expected to be made on December 2, 2016. The transaction requires submission of registration statement. On October 13, 2016, the board of Home Center Holdings Co., Ltd. approved the resolution of the transaction. NH Investment & Securities Co., Ltd. acted as lead underwriter for the indirect offering.

Home Center Holdings Co., Ltd. (KOSDAQ:A060560) completed acquisition of additional 31.3% stake in Bokwang Industry Co., Ltd. (KOSDAQ:A225530) on December 2, 2016.