Chong Kun Dang Holdings Corp. (KOSE:A001630) agreed to acquire an additional 6.3% stake in Kyongbo Pharmaceutical Co., Ltd. (KOSE:A214390) for KRW 19.7 billion on April 27, 2017. Under the terms, the buyer will acquire 1.5 million shares, increasing its shareholding to 39.5% in Kyongbo Pharmaceutical Co., Ltd.