Woorison F&G Co., Ltd. (KOSDAQ:A073560) agreed to acquire remaining 51% stake in Maniker Breeding Co., Ltd. from Maniker Co., Ltd. (KOSE:A027740) for KRW 13.3 billion on April 9, 2018. Under the terms of transaction, Woorison F&G Co., Ltd. will acquire remaining 2.8 million shares for KRW 13.3 billion. Upon completion, Woorison F&G Co., Ltd. will hold 100% stake in Maniker Breeding Co., Ltd. For the year ended December 31, 2017, Maniker Breeding Co., Ltd. had total assets of KRW 44.3 billion, net assets of KRW 19.6 billon, sales of KRW 27.5 billion and net profit of KRW 1.2 billion.

The transaction has been resolved by the Board of Woorison F&G Co., Ltd. The transaction is expected to be completed by April 9, 2018.