Golfzonyouwonholdings Co., Ltd. (KOSDAQ:A121440) made a tender offer to acquire an additional 29.96% stake in GOLFZON Co., Ltd. (KOSDAQ:A215000) for approximately KRW 240 billion on May 13, 2015. Golfzonyouwonholdings will acquire 1.88 million shares. Golfzonyouwonholdings Co., Ltd will issue 18.68 million shares and KRW 90 million in cash. If the total number of shares applied comes short of 1.88 million shares, whole quantity will be acquired. If it exceeds, there will be proportional acquisition. The tender offer will run from June 5, 2015 to June 25, 2015. The trading commissions are KRW 50 million and other expenses are KRW 141.65 million.

On June 3, 2015, there is an amendment in the transaction; Golfzonyouwonholdings Co., Ltd will issue 18.35 million shares and KRW 90 million in cash. The exchange ratio is 1:9.75277397. The trading commissions are KRW 50 million and other expenses are KRW 140.83 million.