An unknown buyer signed an agreement to acquire 50% stake in Kumho Industrial Co., Ltd. (KOSE:A002990) from Sam-Koo Park and Sechang Park for approximately KRW 720 billion on December 24, 2015. Sam-Koo Park and Sechang Park sold 17.54 million shares of Kumho Industrial Co., Ltd. for KRW 41,213 per share. An unknown buyer cancelled the acquisition of 50% stake in Kumho Industrial Co., Ltd. (KOSE:A002990) from Sam-Koo Park and Sechang Park on December 24, 2016.