Sam Chun Dang Pharm. Co.,Ltd (KOSE:A000250) agreed to acquire 61.27% stake in DHP Korea Ltd. for approximately KRW 14 billion on December 26, 2012. Sam Chun will acquire 2.14 million shares of DHP Korea.

DHP Korea reported sales of KRW 16.64 billion, net income of KRW 552.01 million, total assets of KRW 27.48 billion and total shareholders' equity of KRW 7.7 billion for the year ending December 31, 2011. Board of Directors of Sam Chun Dang Pharm passed resolution as on December 26, 2012. Transaction is expected to close on December 27, 2012.