Hyunjin Materials co., Ltd. (KOSDAQ:A053660) agreed to acquire 15% stake in Moohan Mining Co., Ltd. from WePlus Co., Ltd., Jiyeon Lee and Sanghoon Jeon for KRW 27 billion on November 20, 2018. Consideration will be in the form of Hyunjin Materials Co. Ltd. 19th Round coupon unguaranteed private convertible bond to be paid on November 20, 2018. For the year ending December 31, 2017, Moohan Mining Co., Ltd. reported sales of KRW 0 and net loss of KRW 10 million. As of year ending December 31, 2017, Moohan Mining Co., Ltd. reported total assets of KRW 125 million. The Board of Directors of Hyunjin Materials co., Ltd. passed a resolution on the deal on November 20, 2018. The deal is expected to close on November 20, 2018. Dongnam Accounting Corporation acted as external rating institution on the deal.