SMVINA Co., Ltd. (XKON:A299670) agreed to acquire 30.6% stake in Hung Yen Garment Joint Stock Company from Bac Giang LNG Garment Corporation for KRW 2.8 billion on January 21, 2019. On January 18, 2019, the consideration was revised to KRW 2.78 billion from KRW 2.76 billion. SMVINA will buy 5.1 million shares. SMVINA will pay half of the consideration within 20 days from contract date and remaining consideration within 2 days after the completion of registering in cash. For the year ending June 2018, Hung Yen Garment reported total assets of KRW 7 billion, net assets of KRW 2.5 billion, revenue of KRW 4.5 billion and net loss of KRW 304 million. The transaction is resolved by the board of directors of Sck Korea on January 18, 2019. The transaction is expected to close on February 28, 2019. As of February 28, 2019, the completion date is extended to March 29, 2019. As on March 27, 2019, the completion date is extended to April 30, 2019.