Phoenix Materials Co., Ltd. (KOSE:A050090) agreed to acquire 80% stake in SJ Micron (Thailand) Co, Ltd from Sangjin Micron Co., Ltd. for KRW 3 billion in cash on May 24, 2012. Phoenix Materials Co., Ltd. will acquire 0.9 million shares of SJ Micron (Thailand) Co, Ltd. SJ Micron (Thailand) Co, Ltd reported total assets of KRW 6.21 billion, total liabilities of KRW 2.34 billion, total stockholders' equity of KRW 3.87 billion, sales revenues of KRW 4.77 billion and net profit of KRW 225 million in 2011. The Board of Directors of Phoenix Materials passed a resolution for the transaction on May 24, 2012 and the transaction is expected to complete on May 31, 2012.

Phoenix Materials Co., Ltd. (KOSE:A050090) cancelled the acquisition of 80% stake in SJ Micron (Thailand) Co, Ltd from Sangjin Micron Co., Ltd. on May 24, 2013.