KyungDong Invest Co., Ltd. (KOSE:A012320) made an offer to acquire an additional 20% stake in Kyungdong City Gas Co., Ltd. (KOSE:A267290) for KRW 33.7 billion on June 21, 2017. KyungDong Invest Co., Ltd. will acquire 0.63 million shares of Kyungdong City Gas Co., Ltd and will issue 0.59 million shares as consideration. KyungDong Invest currently holds 0.15 million shares of Kyungdong City Gas. The consideration will be paid on August 11, 2017. The Board of Directors passed a resolution for the transaction on June 21, 2017. The tender offer period is from July 21, 2017 to August 9, 2017. Mirae Asset Daewoo acted as the lead underwriter for shares issuance by KyungDong Invest Co., Ltd.

KyungDong Invest Co., Ltd. (KOSE:A012320) completed the acquisition of an additional 15.3% stake in Kyungdong City Gas Co., Ltd. (KOSE:A267290) for KRW 24.5 billion on August 9, 2017. KyungDong Invest Co., Ltd. acquired 0.48 million shares and issued 0.45 million shares.