Daesang Bestco Co., Ltd. agreed to acquire restaurant business from Daesang Corporation (KOSE:A001680) for KRW 23 billion on September 28, 2016. Daesang Bestco will acquire related assets, contracts, and other contracts in relation to the restaurant business of Daesang Corporation. As of December 1, 2016, Daesang Corporation amended the consideration to KRW 9.7 billion. As of December 15, 2016, Daesang Corporation amended the consideration to KRW 10.6 billion. Board of Directors passed resolution for the transaction on September 28, 2016. The transaction will close on December 1, 2016. Daesang Bestco Co., Ltd. cancelled the acquisition of restaurant business from Daesang Corporation (KOSE:A001680) on September 28, 2017.