Hwaseung Enterprise Co., Ltd. agreed to acquire Hwaseung Vina Co., Ltd. from Hwaseung Industries Co., Ltd. (KOSE:A006060) for KRW 95.5 billion in stock on November 23, 2015. The transaction is expected to close by December 17, 2015. The transaction is now expected to close by December 21, 2015. Deloitte Anjin LLC acted as the external rating institution for the transaction.

Hwaseung Enterprise Co., Ltd. completed the acquisition of Hwaseung Vina Co., Ltd. from Hwaseung Industries Co., Ltd. (KOSE:A006060) on December 18, 2015.