Elan Vital Co., Ltd. entered into a contract to acquire 15.74% stake in Redrover Co.,Ltd (KOSDAQ:A060300) from Suning Universal Media Co., Ltd. for KRW 28 billion on February 7, 2018. Elan Vital Co., Ltd. will acquire 7 million shares at KRW 4,000 per share. Under the terms of the transaction, Elan Vital Co., Ltd. will pay KRW 4 billion for 1 million shares on February 7, 2018, KRW 1.6 billion for 0.4 million shares on February 13, 2018, and KRW 22.4 billion for 5.6 million shares on February 28, 2018. The transaction is expected to close on February 28, 2018.