Phoenix Materials Co., Ltd. (KOSE:A050090) acquired an additional 10% stake in Phoenix SJ (Thailand) Co., Ltd. for approximately KRW 320 million in cash on July 17, 2013. Phoenix Materials acquired an additional 0.11 million shares of Phoenix SJ. Pursuant to the transaction, Phoenix Materials holds 1.01 million shares of Phoenix SJ. For the period ending December 31, 2012, Phoenix SJ (Thailand) Co., Ltd. reported total assets of KRW 5.84 billion, total liabilities of KRW 2.26 billion, net assets of KRW 3.58 billion, sales of KRW 5.82 billion, and net profit of KRW 246 million. The Board of Directors passed the resolution for the transaction on July 17, 2013.

Phoenix Materials Co., Ltd. (KOSE:A050090) completed the acquisition of an additional 10% stake in Phoenix SJ (Thailand) Co., Ltd. on July 17, 2013.