Tailim Packaging Industrial Co., Ltd. (KOSE:A011280) agreed to acquire an additional 17.33% stake in Wallsan,co.,Ltd. for KRW 28.5 billion on May 8, 2015. Tailim Packaging will acquire 0.18 million shares and will be hold 0.53 million shares or 49.9% stake on completion. In a related transaction, IMM Rose Gold Private Equity Fund II, a fund of IMM Private Equity, Inc. signed a definitive agreement to acquire 58.85% stake in Tailim Packaging Industrial Co., Ltd. (KOSE:A011280) from Jung, Dong-Sup and 8 other individuals on May 4, 2015. Wallsan reported total assets of KRW 311.1 billion, total stockholders' equity of KRW 149.1 billion, sales revenue of KRW 253.8 billion and net profit of KRW 4.3 billion for the year ending December 31, 2014. The share transaction amount and share transfer completion period is the completion period of several condition precedent of completion of related equity transaction of IMM Private Equity, Inc. Tailim Packaging Industrial will disclose once the transaction scheduled date is confirmed. As of July 9, 2015, the transaction is expected to complete on July 9, 2015. Tailim Packaging Industrial Co., Ltd. (KOSE:A011280) cancelled the acquisition of an additional 17.33% stake in Wallsan,co.,Ltd. on May 8, 2016.