Xiangfan Jin along with China East Gold-Collection Investment Limited signed a contract to acquire 15.95% stake in CHEOUM&C Co., Ltd. (KOSDAQ:A111820) from Sang-Yeon Geum for KRW 15.7 billion on September 18, 2015. Sang-Yeon Geum will sell 1.31 million shares of CHEOUM&C Co., Ltd. for KRW 12,000 per share. Xiangfan Jin will acquire 0.47 million shares and another buyer will acquire 0.83 million shares of CHEOUM&C Co., Ltd in the deal.

The deal is expected to complete on November 5, 2015. As on October 8, 2015, the scheduled date of change was postponed to December 11, 2015 due to delay in the extraordinary meeting of shareholders. As on November 20, 2015, the scheduled date of change was postponed to January 6, 2016 from December 11, 2015 due to delay in the extraordinary meeting of shareholders.

As of December 21, 2015, the scheduled date of change is changed to February 29, 2016 from January 6, 2016. As of February 26, 2016, the buyers will make the payment within 2 months from the completion of the payment for the 3rd party allotment paid-in capital increase resolved on February 1, 2016. As of February 26, 2016, the completion date of the transaction was postponed from February 29, 2016 to March 31, 2016.

As of March 31, 2016, the completion date of the transaction is postponed from March 31, 2016 to May 31, 2016. As of May 30, 2016, the completion date of the transaction is postponed from May 31, 2016 to July 29, 2016. As of July 29, 2016, the completion date of the transaction is postponed from July 29, 2016 to August 19, 2016.