HUNUS Inc. (KOSE: A014190) agreed to acquire 57% stake in Universal Cosmetic Co., Ltd. from Young-Gwang Park for KRW 5 billion in cash on January 13, 2012. As of December 31, 2011, Universal Cosmetic had total assets worth KRW 4.88 billion, total liabilities worth KRW 2.46 billion, shareholders equity worth KRW 2.43 billion, revenue worth KRW 10.5 billion and net profit worth KRW 1.62 billion. The Board of Directors of HUNUS passed the resolution for the transaction on January 13, 2012. The transaction is expected to complete on January 16, 2012.

HUNUS Inc. (KOSE:A014190) cancelled the acquisition of 57% stake in Universal Cosmetic Co., Ltd. from Young-Gwang Park on January 13, 2013.