An undisclosed buyer agreed to acquire 50% stake in Hansol Denmark ApS from Hansol Paper Co., Ltd. (KOSE:A213500) for KRW 18.8 billion on March 16, 2020. Hansol Paper Co., Ltd. will sell 1.24 million shares. In current year Hansol Denmark has total assets of KRW 61 billion, sales of KRW 101.5 billion and net income of KRW 1.37 billion. The Board of Directors resolved the transaction on March 16, 2020. The transaction is expected to be completed on April 15, 2020. An unknown buyer cancelled the acquisition of a 50% stake in Hansol Denmark ApS from Hansol Paper Co., Ltd. (KOSE:A213500) on March 16, 2021.