KODI-S CO LTD (KOSE:A080530) acquired 60.99% stake in KODI-M Co., Ltd. for KRW 6.7 billion on March 16, 2012. KODI-S CO will acquire 0.15 million shares of KODI-M Co. For the year ended December 31, 2011, KODI-M Co. reported sales of KRW 30.33 billion, net income of KRW 1.46 billion, total assets of KRW 21.53 billion and net assets of KRW 9.69 billion. The resolution of Board of Directors of KODI-S CO LTD. was passed on March 16, 2012. KODI-S CO LTD (KOSE:A080530) completed the acquisition of 60.99% stake in KODI-M Co., Ltd. on March 16, 2012.