An unknown buyer agreed to acquire 69.56% stake in Dongjin Paperboard Co., Ltd. from Daelim Paper Co.,Ltd. (KOSDAQ:A017650) for KRW 13.7 billion on December 27, 2019. Out of total consideration, KRW 2.7 billion was paid as down payment on December 27, 2019 and the balance amount will be paid on March 16, 2020. Daelim Paper will sell 0.42 million shares in the transaction and will own 0.18 million shares (representing 30.44% stake) in Dongjin Paperboard post completion. Transaction was resolved by the Board of Daelim Paper on December 27, 2019. Transaction is expected to close on December 30, 2019.