Uni-Chem Co., Ltd. (KOSE:A011330) agreed to acquire 60% stake in Seong Won Leather Industry Co. Ltd for KRW 1.5 billion on November 22, 2017. The consideration is paid in cash. Under the terms, Uni-Chem will acquire 0.18 million shares. As of December 31, 2016, Seong Won Leather Industry Co. Ltd reported total assets of KRW 16.4 billion, net assets of KRW 6.03 billion, sales of KRW 24.1 billion and net loss of KRW 1.32 billion. The transaction is resolved by Board of Directors of Uni-Chem Co., Ltd. The transaction is expected to close on November 30, 2017.