LG Household & Health Care Ltd. (KOSE:A051900) signed an agreement to acquire 52.9% stake in Tai Guk Pharm Co.,Ltd. from Changgu Lee and Jungu Lee for KRW 15.6 billion on November 2, 2017. As per the terms of agreement, LG Household & Health Care Ltd. will acquire 6.5 million shares of Tai Guk Pharm Co.,Ltd. In related transactions, LG Household & Health Care Ltd. plans to acquire 1.7 million shares of common stock of Tai Guk Pharm Co.,Ltd. from the issuance of 7.7 million shares of rights offering new shares and other shareholders after the conclusion of this contract. Upon completion of the series of contracts and capital increase for new shares, LG Household & Health Care Ltd. will hold a total of 80% stake in Tai Guk Pharm Co.,Ltd. For the period ending December 31, 2016, Tai Guk Pharm Co.,Ltd. reported total assets of KRW 97.6 billion, total capital of KRW 31.6 billion, sales of KRW 60 billion and net loss of KRW 788 million. The scheduled acquisition date of the transaction is December 4, 2017. LG Household & Health Care Ltd. (KOSE:A051900) completed the acquisition of 52.9% stake in Tai Guk Pharm Co.,Ltd. from Changgu Lee and Jungu Lee on February 13, 2018.