K-TOP REITS co.Ltd. (KOSE:A145270) agreed to acquire Gimpo Mido Plaza Building for KRW 13.1 billion on November 13, 2015. K-TOP REITS co.Ltd. signed a definitive agreement for the acquisition on November 20, 2015. Under the terms, K-TOP REITS will pay a deposit of KRW 1.3 billion and a second payment of KRW 1.9 billion on November 20, 2015, and the remaining balance of CNY 8.7 billion at a later date. As on November 19, 2015, the transaction was resolved by the Board of K-TOP REITS. The transaction is expected to complete on December 21, 2015. K-TOP REITS co.Ltd. (KOSE:A145270) cancelled the acquisition of Gimpo Mido Plaza Building on November 13, 2016.