LK Investment Partners agreed to acquire 18.9% stake in Kukdong Oil & Chemicals Co.,Ltd (KOSE:A014530) from Ibest Investment Company Ltd, I Best Development Co., Ltd, Han, Bumhee, Seo, Miae, Han, Jiyoon and Han, Byungchang for KRW 22.7 billion on December 26, 2017. LK Investment Partners will acquire 6.59 million shares at the price of KRW 3,450 per share. Ibest Investment Company Ltd will sell 3.33 million shares, I Best Development Co., Ltd will sell 0.43 million shares, Han, Bumhee will sell 1 million shares, Seo, Miae will sell 0.82 million shares, Han, Jiyoon will sell 0.51 million shares and Han, Byungchang will sell 0.51 million shares in Kukdong Oil & Chemicals Co.,Ltd. The down payment is scheduled to be paid on the contract date, and the balance will be paid before January 31, 2018. The stock will be transferred when the balance is paid.