Growth Investment Purpose Company I Co., Ltd signed a contract to acquire 50.55% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Mi-Jeong Roh for KRW 65 billion on December 22, 2015. Growth Investment Purpose Company I Co., Ltd will acquire 11.22 million shares of Young Poong Paper Mfg Co.,Ltd. at KRW 5790 per share. Growth Investment Purpose will fund KRW 57.5 billion from own funds and KRW 7.5 billion through borrowings.

Growth Investment Purpose Company I Co., Ltd completed the acquisition of 50.55% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Mi-Jeong Roh on December 29, 2015.