Haengnam Household & Health Care, Inc. (KOSDAQ:A008800) agreed to acquire 25% stake in BBMASK Co., Ltd from Woong Kim for KRW 5 billion in cash on October 13, 2016. Under the terms of the transaction, Haengnam Household & Health Care will acquire 0.4 million shares. The transaction was resolved by the board of directors of Haengnam Household & Health Care. BBMASK reported total assets of KRW 1.3 billion, total liabilities of KRW 495 million, sales of KRW 3.5 billion, and net profit of KRW 43 million for the year ending December 31, 2015. The transaction is expected to close on October 13, 2016. Haengnam Household & Health Care, Inc. (KOSDAQ:A008800) cancelled the acquisition of 25% stake in BBMASK Co., Ltd from Woong Kim on October 13, 2017.