E Kocref Cr-Reit agreed to acquire KB Wise Star 6 REIT Co., Ltd from ELAND RETAIL., Ltd for KRW 51 billion on April 18, 2018. E Kocref Cr-Reit will acquire 0.31 million shares at KRW 0.16 million per share. As of August 10, 2018, the terms of the transaction are revised. E Kocref Cr-Reit will now acquire 29.2% stake in KB Wise Star 6 REIT Co., Ltd from ELAND RETAIL., Ltd for KRW 51.2 billion. E Kocref Cr-Reit will acquire 0.62 million shares of KB Wise Star 6 REIT Co., Ltd at KRW 82608 per share. Consideration will be paid in cash on completion. Post transaction, E Kocref Cr-Reit will hold 46.3% stake in KB Wise Star 6 REIT Co., Ltd. The consideration will be funded through mortgage loan borrowings and partial funds raised by E Kocref Cr-Reit. KB Wise Star 6 REIT Co., Ltd reported total assets of KRW 237.3 billion, net assets of KRW 99.5 billion as of December 31, 2017 and revenues of KRW 13.1 billion and net profit of KRW 4.9 billion for the year ended December 31, 2017. The Board of KB Wise Star 6 REIT Co., Ltd resolved in favor of the deal on April 18, 2018. Deal is expected to close by July 31, 2018. The transaction closing is postponed to August 16, 2018. Shinah Accounting Corporation acted as external ratings institution in the transaction.