Yongin Newstay Development Co., Ltd agreed to acquire land and building in Yongin-si from Amorepacific Corp. (KOSE:A090430) for KRW 200 billion on December 24, 2014. As of March 10, 2016, Yongin Newstay Development Co., Ltd agreed to acquire land and building in Yongin-si from Amorepacific Corp. for approximately KRW 210 billion. The Board of Directors of Amorepacific Corp. passed a resolution for the transaction on December 24, 2014. The deal is expected to close on September 30, 2015. As of September 30, 2015, Amorepacific Corp amended the transaction settlement date from September 30, 2015 to February 29, 2016. As of March 10, 2016, Amorepacific Corp amended the transaction settlement date from February 29, 2016 to September 30, 2016. Yongin Newstay Development Co., Ltd cancelled the acquisition of land and building in Yongin-si from Amorepacific Corp. (KOSE:A090430) on September 10, 2016.