Samwhan Camus Co., Ltd. (KOSE:A013700), BaseConsulting Co., Ltd., Songwon Co., Ltd and Myoungdong AMC Co., Ltd signed a contract to acquire 53.61% stake in Paradise Industry Co. Ltd. (KOSDAQ:A033540) from Paradise Global Co., Ltd., Jeon, Philip and Kim, Sung-Jin for KRW 26 billion in cash on September 24, 2014. 5.96 million Shares will be sold in the transaction.

BaseConsulting will acquire 4.6 million shares, Songwon will acquire 0.34 million, Myoungdong AMC will acquire 0.46 million and SamWhan Camus will acquire 0.57 million shares at an offer per share of KRW 4361. The transaction is expected to close by October 24, 2014. As of October 24, 2014, the transaction is expected to close on November 14, 2014.