Toyland Co., Ltd. agreed to acquire 1.01% stake in Forward Companies, Inc. (KOSDAQ:A042940) from GIGALANE Co.,Ltd. (KOSDAQ:A049080) for approximately KRW 520 million on December 27, 2017. The offer per share is KRW 1612. The deal is expected to close on January 27, 2018.

Toyland Co., Ltd. completed the acquisition of 1.01% stake in Forward Companies, Inc. (KOSDAQ:A042940) from GIGALANE Co.,Ltd. (KOSDAQ:A049080) on January 27, 2018.