Genic Co., Ltd. (KOSE:A123330) agreed to acquire remaining stake in Genic Shanghai Co., Ltd. for KRW 1.1 billion on June 19, 2013. Board of Directors of Genic Co. passed the resolution to the transaction on June 19, 2013. The transaction is expected to be completed on June 25, 2013.

Genic Co., Ltd. (KOSE:A123330) cancelled the acquisition of remaining stake in Genic Shanghai Co., Ltd. on June 19, 2014.