Sunjin Co.,Ltd. (KOSE:A136490) agreed to acquire a 90% stake in Boram Farm Co., Ltd. from Harim Holdings Co., Ltd. (KOSDAQ:A003380) for KRW 32.8 billion on July 26, 2018. Under the terms, Sunjin Co.,Ltd. will acquire 0.09 million shares of Boram Farm. Post completion, Sunjin Co.,Ltd. will hold 90% stake whereas Harim Holdings Co., Ltd. will cease to hold any stake in Boram Farm.

The transaction requires submission to Fair Trade Commission and was resolved by the Board of Directors of Harim Holdings Co., Ltd. and Sunjin Co.,Ltd. on July 26, 2018. Scheduled date of sales on which payment is expected to be made is July 27, 2018.