Hyundai Home Shopping Network Corporation (KOSE:A057050) signed a memorandum of understanding to acquire Hanwha L&C Corporation from NHPEA IV Vision Holdings AB for approximately KRW 370 billion on August 10, 2018. Hyundai Home Shopping Network Corporation (KOSE:A057050) signed the agreement to acquire Hanwha L&C Corporation from NHPEA IV Vision Holdings AB for approximately KRW 370 billion on October 5, 2018. The total amount will be paid at once when the transaction ends. Under the transaction, Hyundai Home Shopping Network Corporation acquires 0.54 million shares. Funding will be done by retained funds of Hyundai Home Shopping Network. The transaction is expected to be completed by November 19, 2018. As of November 19, 2018, the transaction is expected to close on December 3, 2018. Ernst & Young Han Young acted as External Rating Institution for Hyundai Home Shopping Network Corporation. Ernst & Young acted as financial advisor to Hyundai Home Shopping Network Corporation Hyundai Home Shopping Network Corporation (KOSE:A057050) completed the acquisition of Hanwha L&C Corporation from NHPEA IV Vision Holdings AB on December 3, 2018.