CJ Hellovision Co., Ltd. (KOSE:A037560) agreed to acquire Hana Broadcasting Co.,Ltd for KRW 22.5 billion on December 6, 2016. CJ Hellovision Co. will buy 2.2 million shares of Hana Broadcasting Co. as part of the transaction. During the year ended December 2015, Hana Broadcasting Co Ltd reported revenues of KRW 7.76 billion, total assets of KRW 13.74 billion and net profit of KRW 30 million. The transaction was approved by the Ministry of Science and Technology and Ministry of Information and Communication on January 3, 2018. The transaction is expected to close on January 3, 2018. As of March 4, 2020, transaction is expected to close on September 1, 2020.