SJ Energy Co., Ltd. agreed to acquire additional 49% stake in Yeosu Green Energy Co., Ltd. from Namhae Chemical Corporation (KOSE:A025860) for KRW 980 million on December 24, 2018. Under the terms of the transaction, SJ Energy will acquire 1.03 million shares of Yeosu Green Energy at KRW 952.7 per share. Yeosu Green Energy reported total assets of KRW 5.5 billion and net assets of KRW 5.2 billion as of December 31, 2017 and net loss of KRW 1 billion for the year ended December 31, 2017. The transaction is resolved by the Board of Namhae Chemical Corporation. The transaction is expected to complete on December 28, 2018.