Wonik Materials Co., Ltd. (KOSDAQ:A104830) signed a definitive agreement to acquire an additional 5.8% stake in Wonik Cube Corp. (KOSDAQ:A014190) from CMS LAB, INC for KRW 4.6 billion on June 28, 2016. Cms Lab will sell 1.6 million shares to Wonik Materials where 1.4 million is to be sold on June 29, 2016 and remaining on July 1, 2016.

A deposit of KRW 462 million will be made on June 28, 2016, KRW 3.5 billion will be transferred on June 29, 2016 or June 28, 2016 and balance will be transferred on July 1, 2016 which is contract expiration date.