Intercos Asia Pacific Ltd. acquired remaining 50% stake in Intercos Asia Pacific Ltd. from Shinsegae International Co., Ltd. (KOSE:A031430) for approximately KRW 17.2 billion on July 6, 2020. As per terms of transaction, Intercos Asia Pacific Ltd. will acquire 3.356564 million shares of Intercos Asia Pacific Ltd. at KRW 5131 per share. Intercos Asia Pacific Ltd. completed the acquisition of remaining 50% stake in Intercos Asia Pacific Ltd. from Shinsegae International Co., Ltd. (KOSE:A031430) on July 6, 2020.