An undisclosed buyer has agreed to acquire 28.7% stake in Kodo Inc. from Sajodongaone Co.,Ltd. (KOSE:A008040) for KRW 14.7 billion on August 18, 2017. In 2016, Kodo Inc. had total assets of KRW 120.07 billion, net profit of KRW 26 billion, total common equity of KRW 57.3 billion and net loss of KRW 3.6 billion. The board resolved the transaction on August 18, 2017. The transaction is expected to close on September 30, 2017.