JUNGDAWN Co., Ltd. (KOSDAQ:A208140) agreed to acquire 99.98% stake in Shinsun Mountain Duck Farming Association Company from Inmok Ha and 4 other sellers for KRW 6.1 billion on May 18, 2018. JUNGDAWN Co., Ltd. will pay the consideration in cash. JUNGDAWN Co., Ltd. will acquire 0.03 million shares of Shinsun Mountain Duck Farming Association Company. JUNGDAWN Co., Ltd. will pay a deposit of KRW 1.83 billion on May 18, 2018 and will pay the remaining balance of KRW 4.28 billion on May 31, 2018. After the transaction, Shinsun Mountain Duck Farming Association Company will hold 0.03 million shares amounting to 99.98% stake in Shinsun Mountain Duck Farming Association Company. Shinsun Mountain Duck Farming Association Company reported total assets of KRW 10.25 billion and total capital of KRW 3.19 billion as at December 31, 2017. Shinsun Mountain Duck Farming Association Company reported sales of KRW 27.2 billion and net profit of KRW 1.04 billion in 2017. The Board of Directors passed a resolution for the transaction on May 18, 2018. The transaction is expected to be completed on May 31, 2018. JUNGDAWN Co., Ltd. (KOSDAQ:A208140) cancelled the acquisition of 99.98% stake in Shinsun Mountain Duck Farming Association Company from Inmok Ha and 4 other sellers on May 18, 2019.