An unknown buyer agreed to acquire 4% stake in Hwaseung Enterprise Co., Ltd. (KOSE:A241590) from Hwaseung Industries Co., Ltd. (KOSE:A006060) for KRW 33.9 billion on September 13, 2018. Under the terms of transaction, Hwaseung Industries Co., Ltd. will sell 2.4 million shares. As per the amendment report dated September 14, 2018, An unknown buyer agreed to acquire 2.37% stake in Hwaseung Enterprise Co., Ltd. from Hwaseung Industries Co., Ltd. for KRW 20.1 billion. Hwaseung Industries Co., Ltd. will now sell 1.4 million shares. After the transaction, Hwaseung Industries Co., Ltd will hold 71.73% stake in Hwaseung Enterprise Co., Ltd. The Board of Directors passed a resolution for the transaction on September 13, 2018. The transaction is expected to be completed on September 14, 2018. The proceeds shall be used for repayment of loan and for improving Hwaseung Industries Co., Ltd's stock trading situation.

An unknown buyer cancelled the acquisition of 4% stake in Hwaseung Enterprise Co., Ltd. (KOSE:A241590) from Hwaseung Industries Co., Ltd. (KOSE:A006060) on September 13, 2019.