SKC Co. Ltd. (KOSE:A011790) agreed to acquire an additional 4.39% stake in Bioland Co., Ltd. (KOSDAQ:A052260) from Chan Bok Jeong for KRW 16.3 billion on June 26, 2015. SKC Co.

Ltd. will acquire 0.66 million shares and increase its stake to 4.19 million shares. The transaction is regarding the exercise of put option between SKC Co. Ltd. and Chan Bok Jeong.

Board of Directors of SKC Co. Ltd. made a resolution in favor of the transaction on July 5, 2015.