THN Corporation (KOSE:A019180) agreed to acquire additional 25.7% stake in THN Auto Parts Manufacturing Brasil S.A. for KRW13.2 billion in cash on March 23, 2016. THN will acquire 40.7 million shares and upon closing will hold 95.37% stake, represented by 151.05 million shares. As of December 31, 2015, THN Auto Parts Manufacturing Brasil S.A. had total assets of CNY 31.4 billion, sales of CNY 55.8 billion, total common equity of CNY (28.7) billion.

The scheduled acquisition date is March 22, 2017.