THN Corporation (KOSE:A019180) agreed to acquire an additional stake in THN Auto Parts Manufacturing Brasil S.A. for KRW 13.6 billion on December 21, 2015. Under the terms, the shares will be acquired for KRW 297.38 and post transaction THN Corporation will hold 93.78% stake. THN Auto Parts had total assets of KRW 38.6 billion, total liabilities of KRW 60.2 billion, sales of KRW 72 billion and net loss of KRW 17.3 billion for the year ended December 31, 2014.

The acquisition is expected to close on December 20, 2016.