Korea Cement Co., Ltd. (KOSDAQ:A198440) agreed to acquire a 16.01% stake in Dongkwang Leisure Co., Ltd. from Dongkwang Construction Co., Ltd. for KRW 9 billion on August 28, 2017. Under the terms, Korea Cement Co., Ltd. will acquire 0.42 million shares of Dongkwang Leisure Co., Ltd. The consideration will be paid in cash. For the year ended December 31, 2016, Dongkwang Leisure had total assets of KRW 143.9 billion, net liabilities of KRW 34.1 billion, net profit of KRW 1.8 billion and sales of KRW 6.2 billion. The transaction was resolved by the Board of Directors of Korea Cement Co., Ltd. on August 28, 2017 and is expected to close on August 28, 2017.