Kmw Inc. (KOSE:A032500) agreed to acquire an additional 9% stake in Telcon Co., Ltd. for KRW 1.5 billion in cash on September 7, 2012. Kmw will acquire 0.23 million shares of Telcon Co. Ltd and increase its stake to 89% in Telcon. For the year ended December 2011, Telcon Co., Ltd. had total assets of KRW 19.79 billion, total stockholder's equity of KRW 10.07 billion, sales revenue of KRW 22.71 billion and net profit of KRW 1.62 billion. The Board of Directors of Kmw Inc. resolved the transaction on September 7, 2012. The transaction is scheduled to complete on September 14, 2012.

Kmw Inc. (KOSE:A032500) cancelled the acquisition of an additional 9% stake in Telcon Co., Ltd. on September 7, 2013.