Wu youzhi signed a contract to acquire an additional 45% stake in China Great STAR International Limited (KOSDAQ:A900040) from Wu Kun Liang for approximately KRW 110 billion on October 31, 2014. Under the terms of the deal, 45 million shares will be acquired at an offer per share of KRW 2500. The first payment of KRW 56.25 billion was paid on the contract signing date and the remaining payment of KRW 56.25 billion will be paid before November 30, 2014. After the transaction, Wu youzhi will hold 46 million shares in China Great STAR International.

Wu youzhi completed the acquisition of an additional 45% stake in China Great STAR International Limited (KOSDAQ:A900040) from Wu Kun Liang on November 3, 2014.