Kyungchang Industrial Co. Ltd. (KOSDAQ:A024910) made an offer to acquire an additional 39.22% stake in KCW Corporation Co.Ltd. (KOSDAQ:A068060) for KRW 17.1 billion in cash on December 9, 2014. 2.13 million shares of KCW Corporation will be acquired in the offer at KRW 8,000 per share. Kyungchang Industrial already holds a 15.07% stake in KCW Corporation and will hold 82% stake in KCW Corporation along with its related parties upon completion. The Board of Directors of KCW Corporation resolved the transaction on December 9, 2015. The tender offer duration will be from December 11, 2014 till January 9, 2015 with the settlement day as January 16, 2015. As on January 12, 2015, 1.1 million shares of KCW have been subscribed for.

Kyungchang Industrial Co. Ltd. (KOSDAQ:A024910) signed an agreement to to acquire an additional 39.22% stake in KCW Corporation Co.Ltd. (KOSDAQ:A068060) on February 3, 2015. The transaction is subject to approval by the shareholders of KCW Corporation Co.Ltd. scheduled to start on June 25, 2015 and end on July 09, 2015. The transaction is expected to close on July 31, 2015. Payment date of share acquisition is August 27, 2015. The tender offer will close on March 20, 2016. Woori Investment & Securities Co. Ltd. acted as proxy solicitor in the deal.

Kyungchang Industrial Co. Ltd. (KOSDAQ:A024910) cancelled the acquisition of an additional 39.22% stake in KCW Corporation Co.Ltd. (KOSDAQ:A068060) on December 9, 2015.