Youngone Holdings Co., Ltd (KOSE:A009970) agreed to acquire an additional 3.3% stake in Goldwin Korea Corporation for KRW 30.2 billion in cash on August 10, 2012. Youngone Holdings will acquire 1,9814 shares and will hold 59.3% stake in Goldwin Korea Corporation pursuant to this transaction. Goldwin Korea Corporation reported sales of KRW 500.53 billion, net income of KRW 84.45 billion, total assets of KRW 354.54 billion and total stockholders' equity of KRW 229.06 billion for the year ending December 31, 2011.

The Board of Directors of Youngone Holdings passed a resolution for the transaction on August 10, 2012. The transaction is expected to complete on September 27, 2012.