SBW, Inc. (KOSE:A102280) signed a contract to acquire 15% stake in Vivien Corporation (KOSE:A002070) from KANGLIM Co., Ltd. (KOSDAQ:A014200) for KRW 22.2 billion on December 17, 2020. Under the terms, SBW paid KRW 2.2 billion and will pay remaining KRW 19.9 billion on December 28, 2020. Post completion, KANGLIM Co., Ltd. will hold 1.1 million shares in Vivien.

As of December 17, 2020, Board of Directors of KANGLIM approved the transaction. Transaction is expected to complete by December 28, 2020.