Alpha Housing Co., Ltd. agreed to acquire land and building located in Seoul from Hyungji Elite Inc. (KOSE:A093240) for KRW 9.8 billion on May 9, 2016. The transaction is expected to close by October 12, 2016. Alpha Housing Co., Ltd. completed the acquisition of land and building located in Seoul from Hyungji Elite Inc. (KOSE:A093240) on October 12, 2016.