LS Cable & System Ltd. singed a contract to acquire additional 6.03% stake in GAON CABLE Co., Ltd. (KOSE:A000500) from consortium of sellers on August 17, 2018. Under the transaction, LS Cable & System Ltd. acquires 0.25 million shares. Post transaction, LS Cable & System Ltd. will hold 37.62% stake. Details of changes in individual shareholders and related parties' equity ratio will be announced on payment date August 21, 2018. The transaction has been resolved by the Board of LS Cable & System Ltd.