UIM Entertainment Co., Ltd. (KOSDAQ:A043220) agreed to acquire 69.79% stake in Ruby Co., Ltd. for KRW 2.3 billion on January 2, 2017. Under the terms of the transaction, UIM will acquire 0.11 million shares (0.07 million existing shares and 0.04 million new shares) of Ruby Co., Ltd. Ruby Co., Ltd. had total assets of KRW 2.2 billion, total sales of KRW 553.5 million, and net loss of KRW 673.9 million for the year ended December 31, 2016. The transaction was resolved by the Board of Directors on January 2, 2017. The transaction is expected to close on January 12, 2017.