Growth & Value Fund 3, Growth & Value Fund 4 and Growth & Value Development Co., Ltd. signed contract to acquire 48.49% stake in SHINWON Construction co.,Ltd. (KOSDAQ:A017000) from WONIK Co., LTD. (KOSDAQ:A032940) and Wonik QnC Corporation (KOSDAQ:A074600) for KRW 39.1 billion on October 4, 2016. Under the terms of the transaction, Wonik QnC will sell 2.98 million shares. As per amendment terms on October 5, 2016, Growth & Value Fund 3 and 2 others agreed to acquire 4.88 million shares at KRW 8,000 per share. As consideration a deposit of KRW 7.8 billion payment has been made on October 4, 2016 and remaining balance after the payment of the deposit will be completed on November 21, 2016. As per the amendment on November 14, 2016, Estrozen Co., Ltd., A1 Fund 1, A1 Fund 2, A1 Fund 3, Juyeon Park and Heejung Kim agreed to acquire 48.49% stake in SHINWON Construction co.,Ltd. for KRW 39.1 billion. Under the terms of the agreement, 4.88 million shares were sold at KRW 8000 per share. Estrozen Co., Ltd will acquire 1.25 million shares, A1 Fund 1 will acquire 0.63 million shares, A1 Fund 2 will acquire 1.63 million shares , A1 Fund 3 will acquire 1.13 million shares, Heejung Kim will acquire 0.13 million shares and Juyeon Park will acquire 0.13 million shares. As on November 15, 2016, partial deal completed. The transaction is expected to be completed on November 21, 2016.


Growth & Value Fund 3, Growth & Value Fund 4 and Growth & Value Development Co., Ltd. completed the acquisition of 48.49% stake in SHINWON Construction co.,Ltd. (KOSDAQ:A017000) from WONIK Co., LTD. (KOSDAQ:A032940) and Wonik QnC Corporation (KOSDAQ:A074600) on November 21, 2016.