Shinhoo Co., Ltd. (KOSDAQ:A066430) agreed to acquire 51% stake in Royal Green Korea Co. Ltd. for KRW 4.8 billion on October 16, 2015. Shinhoo Co., Ltd. will acquire 0.10 million shares. As of December 31, 2014, Royal Green Korea Co. Ltd. had total assets of KRW 2.04 billion, total sales of KRW 1.12 billion, operating income of KRW 81.34 million and net profit of KRW 29.9 million. The Board of Directors of Shinhoo Co., Ltd made a resolution in favor of the transaction. The transaction is expected to close by October 19, 2015.

Shinhoo Co., Ltd. (KOSDAQ:A066430) completed the acquisition of 51% stake in Royal Green Korea Co. Ltd. on October 19, 2015.