Daewon Media Co., Ltd (KOSE:A048910) agreed to acquire Daiwon CI Inc. from Curexo Inc (KOSE:A060280) for KRW 2.5 billion on September 25, 2012. Daewon Media Co., Ltd is acquiring 0.43 million shares of Daiwon CI Inc. representing 100% stake. An amount of KRW 500 million will be paid on the contract date and the balance will be paid on September 26, 2012. For the period ending December 31, 2011, Daiwon CI Inc. reported total assets of KRW 9.98 billion, total liabilities of KRW 6.79 billion and total stockholders equity of KRW 3.18 billion. The transaction was resolved by the Board of Directors of Curexo Inc. on September 25, 2012. The transaction is scheduled to be completed on September 26, 2012.

Daewon Media Co., Ltd (KOSE:A048910) completed the acquisition of Daiwon CI Inc. from Curexo Inc (KOSE:A060280) on September 26, 2012.