Imbc Co Ltd (KOSE: A052220) agreed to acquire 24.69% stake in WS ENTERTAINMENT CO., LTD for approximately KRW 500 million on December 9, 2011. The Board of Directors of Imbc Co Ltd passed a resolution for the transaction. The deal is expected to close on December 15, 2011.

Imbc Co Ltd (KOSE: A052220) cancelled the acquisition of 24.69% stake in WS ENTERTAINMENT CO., LTD on December 9, 2012.