MFM Korea,Co.,Ltd. (XKON:A251960) agreed to acquire Mias Fashion Manufacturing Company, Inc. from MFM Holdings, LLC for KRW 11.8 billion on July 28, 2017. Under the terms of the transaction, MFM Korea,Co.,Ltd. will acquire 0.1 million shares. The consideration will be paid through issuance of new shares and cash. MFM Korea,Co.,Ltd. will issue 0.3 million shares for 0.06 million shares of Mias Fashion Manufacturing Company, Inc. at KRW 22,700 per share valued at KRW 6.8 billion and for 0.04 million shares of Mias Fashion Manufacturing Company, Inc. it will pay KRW 4.96 billion cash. The cash part will be financed through own funds and loans. On September 18, 2017, the terms of the transaction were amended. MFM Korea,Co.,Ltd. will now issue 0.44 million shares for 0.09 million shares of Mias Fashion Manufacturing Company, Inc. and will pay KRW 1.7 billion in cash for 0.01 million shares of Mias Fashion Manufacturing Company, Inc. For the year ended December 31, 2016, Mias Fashion Manufacturing Company reported total assets of KRW 66.1 billion, total capital of KRW 19.5 billion, sales of KRW 196.8 billion, and net profit of KRW 1.2 billion. The transaction was resolved by the Board of MFM Korea,Co.,Ltd. on July 28, 2017. The payment date is expected to be on October 23, 2017. The transaction is expected to close on September 18, 2017. As of September 18, 2017, the expected closing date and payment date was changed to October 30, 2017. As of October 30, 2017, the expected closing date and payment date has been changed to November 30, 2017. As of November 30, 2017, the expected closing date and payment date has been changed to December 12, 2017. On December 12, 2017, the in-kind contribution was approved by the court. The transaction has not closed yet and the date may be changed. MFM Korea,Co.,Ltd. (XKON:A251960) completed the acquisition of Mias Fashion Manufacturing Company, Inc. from MFM Holdings, LLC for KRW 11.6 billion on December 12, 2017.