Hyundai Green Food Co.,Ltd. (KOSE:A005440) signed a memorandum of understanding to acquire 45.44% stake in EVERDIGM Corp. (KOSE:A041440) from SHPE Holdings TWO LLC and Shinhan Private Equity Fund II of Shinhan Private Equity for KRW 94.1 billion on June 19, 2015. Hyundai Green Food Co.,Ltd. (KOSE:A005440) agreed to acquire 45.44% stake in EVERDIGM Corp.

(KOSE:A041440) from SHPE Holdings TWO LLC and Shinhan Private Equity Fund II of Shinhan Private Equity for KRW 94.1 billion on September 25, 2015. Hyundai Green Food will acquire 6.9 million shares from Shinhan and 1.1 million shares from SHPE Holdings. Hyundai Green Food will pay KRW 9.4 billion as deposit on September 25, 2015 and the balance consideration within 3 business days from the date the pre-requisites such as the approval from the government are met.

The transaction is expected to close on October 29, 2015. NH Investment & Securities acted as the sales manager for EVERDIGM. Ernst & Young, Korea acted as accountant for Hyundai Green.