Curoholdings Co.,Ltd. (KOSDAQ:A051780) agreed to acquire 99.67% stake in Yuleum Entertainment Corp. for KRW 1.5 billion in cash on October 20, 2015. Curoholdings will acquire 20,158 shares of Yuleum Entertainment. Yuleum Entertainment reported total assets of KRW 339 million, total liabilities of KRW 392 million, net liabilities of KRW 53 million, sales of KRW 1.96 billion and net profit of KRW 121 million in 2014. The Board of Directors of Curoholdings Co.,Ltd passed a resolution for the transaction on October 20, 2015. The transaction is expected to complete on November 20, 2015. Curoholdings Co.,Ltd. (KOSDAQ:A051780) cancelled the acquisition of 99.67% stake in Yuleum Entertainment Corp. on October 20, 2016.