JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion on June 15, 2023. The transaction is expected to close on August 6, 2023.

As of July 28, 2023, the transaction is expected to close on August 4, 2023.