E-MART Inc. (KOSE:A139480) agreed to acquire Star Super Dogok, Cheongdam, Marine City and Mokdong Branches of SSG Food Market from Shinsegae Inc. (KOSE:A004170) for approximately KRW 130 billion on October 28, 2016. The transaction will be completed upon business merger approval and related approval and admission process. On October 28, 2016, the transaction was resolved by the Board of Directors of Shinsegae Inc. The transaction is expected to complete on December 20, 2016.

E-MART Inc. (KOSE:A139480) cancelled the acquisition of Star Super Dogok, Cheongdam, Marine City and Mokdong Branches of SSG Food Market from Shinsegae Inc. (KOSE:A004170) for approximately KRW 130 billion on October 28, 2017.