Korea Alcohol Industrial Co., Ltd. (KOSDAQ:A017890) agreed to acquire 14.5% stake in Syndip Co., Ltd for KRW 3.9 billion on March 8, 2019. Korea Alcohol Industrial Co., Ltd will acquire 0.2 million existing shares and 0.76 million new shares of Syndip for KRW 19 billion. Post completion of acquisition of existing and new shares, Korea Alcohol Industrial will own 69.9% stake in Syndip. The transaction is resolved by the Board of Korea Alcohol Industrial. The transaction is expected to complete on April 10, 2019.