Haengnam Household & Health Care, Inc. (KOSDAQ:A008800) agreed to acquire 60% stake in Moonlight Film for KRW 12 billion on November 22, 2018. Under the terms of the transaction, Haengnam Household & Health Care, Inc. will acquire 1,200 shares. Out of total consideration, KRW 8.5 billion was paid on November 22, 2018 and remaining will be paid on November 23, 2018. The transaction will be financed by Haengnam Household & Health's own fund of KRW 12 billion. For the year ended December 31, 2017, Moonlight Film reported total assets of KRW 5.04 billion, total capital of KRW 2.7 billion, sales of KRW 16.4 billion, and net loss of KRW 1.2 billion. The transaction was resolved by the Board of Haengnam Household & Health Care, Inc. on November 22, 2018. The transaction is expected to close on November 23, 2018. Charm Accounting Corporation acted as external rating institution. Haengnam Inc. (KOSDAQ:A008800) cancelled the acquisition of 60% stake in Moonlight Film for KRW 12 billion on November 22, 2019.