Hansol Holdings Co., Ltd. (KOSE:A004150) agreed to acquire investment business from Hansol PNS Co.,Ltd. (KOSE:A010420) for KRW 4.9 billion on June 7, 2016. The consideration comprises issuance of 0.6 million common shares of Hansol Holdings Co., Ltd. at KRW 7440 per share. As on June 10, 2016, a merger contract has been entered into.

Shareholders of Hansol Holdings Co., Ltd. approved the transaction in the meeting on July 27, 2016. The board of directors of Hansol Holdings Co., Ltd. passed the resolution for acquisition on June 7, 2016. Scheduled delivery date of new share certificates is amended to September 22, 2016.

Expected closing of the transaction is on September 1, 2016. Shin & Kim acted as legal advisor to Hansol Holdings Co., Ltd. and Hansol PNS Co.,Ltd.