Haengnam Household & Health Care, Inc. (KOSDAQ:A008800) signed an agreement to acquire 60% stake in Sanai Pictures Co., Ltd from Jaeduk Han for KRW 13.8 billion on November 22, 2018. Under the terms, Haengnam Household & Health Care will acquire 1,200 shares of Sanai Pictures. The consideration of KRW 8.7 billion was paid as deposit on November 22, 2018 and the remaining balance of KRW 5.1 billion will be paid on November 23, 2018. Sanai Pictures reported total assets of KRW 3.1 billion and net assets of KRW 2.4 billion as of December 31, 2017. Sanai Pictures reported sales of KRW 20.3 billion and net loss of current period of KRW 415.8 million in 2017. The transaction has been resolved by the Board of Directors of Haengnam Household & Health Care, Inc. at the meeting held on November 22, 2018. The transaction is expected to be completed by November 23, 2018. Charm Accounting Corporation acted as External Rating Institution in a transaction. Haengnam Household & Health Care, Inc. (KOSDAQ:A008800) completed the acquisition of 60% stake in Sanai Pictures Co., Ltd from Jaeduk Han on November 23, 2018. The balance consideration was paid on November 23, 2018.