SG Corporation (KOSE:A004060) agreed to acquire 36.74% stake in Duck Pyung Country Club from The Military Mutual Aid Association Co., Ltd for KRW 21.7 billion on August 13, 2015. SG Corporation will acquire 3,674 shares of Duck Pyung. Duck Pyung reported total assets of KRW 24.66 billion, total liabilities of KRW 23.59 billion, total capital of KRW 1.07 billion, total sales of KRW 10.33 billion and net profit of KRW 911 million for the year ended December 31, 2014.

The transaction is expected to close on October 12, 2015.