SeungHwa Industry corp. (KOSE:A052300) agreed to acquire 4.95% stake in Digital Adventure Inc. (JASDAQ:4772) for KRW 1.9 billion in cash on September 20, 2012. SeungHwa Industry will acquire 2.69 million shares of Digital Adventure. The Board of Directors of SeungHwa Industry passed the resolution on September 20, 2012. The deal is expected to close by September 25, 2012.

As of September 25, 2012, the scheduled closing date of the transaction has been changed to September 28, 2012.

SeungHwa Industry corp. (KOSE:A052300) cancelled the acquisition of 4.95% stake in Digital Adventure Inc. (JASDAQ:4772) on September 20, 2013.