Eagon Holdings Co., Ltd. (KOSDAQ:A039020) made an offer to acquire an additional 26.7% stake in Eagon Industrial Co., Ltd. (KOSE:A008250) for KRW 36 billion on June 28, 2018. Under the terms of the transaction, Eagon Holdings Co., Ltd. made an offer to acquire 2.5 million shares at offer price of KRW 14,400 per share. The consideration will be paid through issuance of shares. As per the amendment report dated August 1, 2018, Eagon Holdings Co., Ltd. will now issue 4.9382716 shares for every one share of Eagon Industrial Co., Ltd. The tender offer period will start of August 3, 2018 and will end on August 24, 2018. Mirae Asset Daewoo Co., Ltd. acted as service management company for the offer.

Eagon Holdings Co., Ltd. (KOSDAQ:A039020) completed the acquisition of an additional 17.8% stake in Eagon Industrial Co., Ltd. (KOSE:A008250) for KRW 24.6 billion on August 24, 2018. Under the terms of the transaction, Eagon Holdings acquired 1.67 million shares of Eagon Industrial. Post acquisition, Eagon Holdings holds 3.2 million shares (34.06%) in Eagon Industrial Co., Ltd.