Bohae Brewery Co. Ltd. (KOSE:A000890) agreed to acquire the remaining 6.15% stake in Bohae Maewon Co. Ltd. for KRW 68.9 million on May 20, 2016. Bohae Brewery Co. Ltd. signed an equity transfer agreement to acquire 6.15% stake in Bohae Maewon Co. Ltd on May 24, 2016. Under the terms of the transaction, Bohae Brewery will issue 45,537 new shares as consideration. Post the acquisition, Bohae Maewon will dissolve into Bohae Brewery Co. Ltd. Guangzhou Tenmark Networks Technology had total assets of CNY 4.78 billion, revenue of CNY 272.48 million and net profit of CNY 148.91 million in 2015. The transaction is expected to close on July 29, 2016. As on June 23, 2016, the shareholders of Bohae Brewery and Bohae Maewon approved the deal.