SG Choongbang Co., Ltd. (KOSE:A001380) agreed to acquire ABS System Co., Ltd for KRW 150 million on May 15, 2017. Under the terms of the transaction, SG Choongbang Co., Ltd. will acquire 15,000 shares of ABS System Co., Ltd. For the year ended December 31, 2016, ABS System Co., Ltd. reported total revenues of KRW 19.16 billion, total assets of KRW 1.64 billion, net liabilities of KRW 1.63 billion and net loss of KRW 696 million. As of May 15, 2017, Board of SG Choongbang Co., Ltd. resolved the transaction. SG Choongbang Co., Ltd. (KOSE:A001380) cancelled the acquisition of ABS System Co., Ltd as of May 15, 2018.