Hanwha Galleria Co., Ltd. made a tender offer to acquire the remaining stake of 28.85% stake in Hanwha Galleria Timeworld Co., Ltd. (KOSE:A027390) for KRW 45 billion on November 26, 2019. Under the offer, Hanwha Galleria Co., Ltd. will acquire 1.731231 million shares at KRW 26,000 per share. The purchase price will be paid through issuance of own shares in the form of Hanwha Galleria Co., Ltd. issuing 1 share for every 0.7444540 share of Hanwha Galleria Timeworld. Prior to the transaction, Hanwha Galleria Co., Ltd. held 4.167 million shares amounting to 70.65% stake and after the transaction, SeAH Steel Holdings Corporation will hold 5.898231 million shares amounting to 100% stake in Hanwha Galleria Timeworld. As of November 26, 2019, board of directors of Hanwha Galleria and Hanwha Galleria Timeworld approved the transaction. As of January 29, 2020, shareholder of of Hanwha Galleria and Hanwha Galleria Timeworld approved the transaction. The tender offer period is from November 27, 2019 to December 23, 2019. Transaction is expected to close on March 3, 2020. Hanwha Galleria Co., Ltd. completed the acquisition of remaining stake of 28.85% stake in Hanwha Galleria Timeworld Co., Ltd. (KOSE:A027390) on March 3, 2020.