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) for KRW 280 billion on May 4, 2015. Trinity One, Inc. signed a definitive agreement to acquire 58.85% stake in Tailim Packaging Industrial Co., Ltd. for KRW 280 billion on June 5, 2015. However, IMM Rose Gold Private Equity Fund II will hold joint responsibility until the transaction closes. Dong-Sup Jung will sell 4.72 million shares, Soo-Won Cho will sell 0.02 million shares, Sang-Moon Jung will sell 12.94 million shares, Young Sup Jung will sell 3.46 million shares, Sam-Kyu Ko will sell 0.04 million shares, Daesung Enforced Corrugated Company Ltd. will sell 12.88 million shares, Tai Sung Industrial Company Ltd. will sell 4.51 million shares, Dongil Package Industrial Co.,Ltd. will sell 1.83 million shares, Dong-Gwang Panji, Co. will sell 1.27 million shares, IMM Rose Gold Private will acquire 41.67 million shares of Tailim Packaging Industrial at the price of KRW 6,612 per share. The transaction will be completed as soon as the respective contract condition precedent is completed. The expected closing date of the transaction is the date negotiated by the parties involved or fifth business day upon fulfillment of pre-requisite conditions. Trinity One, Inc. cancelled the acquisition of 58.85% stake in Tailim Packaging Industrial Co., Ltd. May 4, 2016.