Home Center Holdings Co., Ltd. (KOSDAQ:A060560) signed a contract to acquire Jeil Joung Hap Remicon Ltd. from Sungbo Co., Ltd. and Junghyun Kim for KRW 6.4 billion on August 18, 2017. The transfer ratio for the transaction is 1: 30.9807834. Upon completion of this share exchange, Home Center Holdings Co., Ltd. and Jeil Joung Hap Remicon Ltd. will remain independent corporations. Jeil Joung Hap Remicon had total assets of KRW 8.4 billion and total capital of KRW 5.2 billion of the recent financial year 2016. The transaction has been resolved by the Board of Directors of Home Center Holdings Co., Ltd. on August 18, 2017. The general meeting of shareholders of Home Center Holdings Co., Ltd. will take place on September 19, 2017. The transaction is expected to complete on September 19, 2017. Sungmoon Accounting Corporation acted as External Rating Institution. Home Center Holdings Co., Ltd. (KOSDAQ:A060560) completed the acquisition of Jeil Joung Hap Remicon Ltd. from Sungbo Co., Ltd. and Junghyun Kim on September 19, 2017. Post transaction, Home Center Holdings holds 100% stake in Jeil Joung Hap Remicon. Under the transaction, 1.5 million shares are issued of which, 0.8 million are issued to Junghyun Kim and 0.7 million are issued to Sungbo and due to 1 fractional share, the amount will be paid in cash to Sungbo. New shares will be listed on September 27, 2017.