Hanchang Industry Co., Ltd. (KOSE:A079170) agreed to acquire land in Dangjin-gun from Korea Land Corporation for KRW 6.1 billion on September 29, 2009. As of September 29, 2009, the Board of Directors passed the resolution for the transaction. The transaction is expected to be completed on December 31, 2009. On September 1, 2011, the terms of the transaction was revised. Hanchang Industry will now acquire 14,395 square meters land for an acquisition price of KRW 3.3 billion. The expected closing of the transaction has been extended to September 29, 2014. Hanchang Industry Co., Ltd. (KOSE:A079170) cancelled the acquisition of land in Dangjin-gun from Korea Land Corporation on March 1, 2012.