Suk-Rae Cho acquired Galaxia Device Co., Ltd. from Galaxia Communications Co., Ltd. (KOSDAQ:A094480) for approximately KRW 890 million on December 31, 2014. Suk-Rae Cho acquired 4.47 million shares at KRW 200 per share. As of December 31, 2013, Galaxia Device Co., Ltd. reported total assets of KRW 43.4 billion, net liabilities of KRW 3.79 billion and total liabilities of KRW 47.2 billion. Board of Directors of Galaxia Communications Co., Ltd. resolved the transaction.

Suk-Rae Cho completed the acquisition of Galaxia Device Co., Ltd. from Galaxia Communications Co., Ltd. (KOSDAQ:A094480) on December 31, 2014.