Samsung IT Services (Beijing) Co., Ltd. agreed to acquire Samsung Sds (China) Co., Ltd. from Samsung SDS Co., Ltd. (KOSE:A018260) for KRW 74.7 billion on December 9, 2016. Samsung Sds (China) Co., Ltd. had total assets of KRW 179.1 billion as of June 30, 2016. The transaction has been resolved by the Board of Directors of Samsung SDS Co., Ltd. on December 9, 2016. The transaction is expected to complete on December 31, 2016.