Worldex Industry & Trading Co., Ltd. (KOSDAQ:A101160) acquired remaining 12.39% stake in West Coast Quartz Corporation from KoFC-KTB Frontier Champ 2010-3 Private Equity Fund managed by KTB Private Equity for KRW 7.7 billion in cash on October 30, 2014. Worldex Industry will acquire 1.72 million shares of West Coast Quartz and upon closing, Worldex Industry will hold 100% stake or 13.88 million shares of West Coast Quartz. The current acquisition is through exercise of put-option pursuant to the put-option agreement signed between KoFC KTB Frontier Champ 2010-3 PEF Worldex Industry & Trading Co., Ltd. During the year ended December 31, 2013, West Coast Quartz Corporation had total assets of KRW 59.55 billion, total stockholders' equity of KRW 19.54 billion, sales revenue of KRW 49.32 billion, and net loss of KRW 3.17 billion. Board of Directors of Worldex Industry & Trading Co., Ltd. made a resolution in favor of the transaction on October 30, 2014.

Worldex Industry & Trading Co., Ltd. (KOSDAQ:A101160) completed the acquisition of remaining 12.39% stake in West Coast Quartz Corporation from KoFC-KTB Frontier Champ 2010-3 Private Equity Fund managed by KTB Private Equity on October 30, 2014.