LONGTU KOREA Inc. (KOSDAQ:A060240) agreed to acquire 23.09% stake in Yonghyun Base Materials Co., Ltd. (KOSDAQ:A089230) for KRW 39.7 billion on December 16, 2015. Under the terms of the transaction, LONGTU KOREA will acquire 10.19 million shares of Yonghyun. The transaction is expected to close on December 28, 2015.