Bubang Co., Ltd. (KOSDAQ:A014470) made a tender offer to acquire an additional 28.07% Cuchen Co., Ltd. (KOSDAQ:A225650) for KRW 81.9 billion on October 7, 2015. Bubang will acquire 3 million shares of Cuchen for KRW 26,300 per share. Bubang will issue 11.53 million shares to raise KRW 81.9 billion to fund the transaction. Dae-Hee Lee also participated in the tender offer. After the transaction, Bubang Co., Ltd will hold 3.61 million shares in Cuchen Co., Ltd. If the total number of shares applied comes short of the estimated number of shares to be acquired, whole quantity will be acquired. If it exceeds, there will be proportional acquisition. The tender offer will run from November 20, 2015 to December 9, 2015. The settlement date is December 14, 2015.

Bubang Co., Ltd. (KOSDAQ:A014470) completed the acquisition of an additional 21.29% Cuchen Co., Ltd. (KOSDAQ:A225650) for KRW 62.1 billion on December 9, 2015.