Changhae Ethanol Co., Ltd. (KOSDAQ:A004650) signed a memorandum of understanding to acquire Hite Alcohol Co., Ltd. from HITEJINRO Co., Ltd. (KOSE:A000080) on February 25, 2016.

Changhae Ethanol Co., Ltd. (KOSDAQ:A004650) cancelled acquisition of Hite Alcohol Co., Ltd. from HITEJINRO Co., Ltd. (KOSE:A000080) on February 25, 2017.