ORION Holdings Corp. (KOSE:A001800) made an offer to acquire an additional 25.3% stake in ORION Corp. (KOSE:A271560) for approximately KRW 930 billion on September 28, 2017.

ORION Holdings will acquire 10 million shares and will issue 42.6 million shares. ORION Holdings will issue its shares to the shareholders that apply to the tender offer and cash payment will be made only for fraction shares. As per the amendment received on October 23, 2017, ORION Holdings Corp.

will issue approximately 42.1 million shares. Upon completion, ORION Holdings will own 37.4% stake in ORION Corp. Board of Directors of ORION Holdings Corp.

made a decision on September 27, 2017. The tender offer will open on October 25, 2017 and is expected to close on November 13, 2017. NH Investment & Securities Co., Ltd. acted as the service management company for the tender offer.