Dong-A Socio Holdings Co. Ltd. (KOSE:A000640) made a tender offer to acquire an additional stake in ST Pharm Co. Ltd. (KOSDAQ:A237690) for approximately KRW 170 million on August 23, 2016. Under the terms, 3.3 million shares will be acquired at KRW 0.05 million per share. The consideration comprises issuance of 0.9 million new shares of Dong-A Socio Holdings Co. Ltd. at a price of KRW 0.2 million per share. The tender offer period is from September 13, 2016 to October 4, 2016. On September 9, 2016 the deal terms were revised now Dong-A Socio Holdings Co. Ltd. (KOSE:A000640) will pay KRW 3 billion in cash and will issue 1.0 million of Dong-A Socio Holdings Co. Ltd. (KOSE:A000640) shares. On October 6, 2016, the deal terms revised. Now, 1.01 million shares will be issued by Dong-A Socio Holdings Co. Ltd at KRW 0.2 million per share. Dong-A Socio Holdings Co. Ltd. will acquire the shares at KRW 53,690 per share.

Dong-A Socio Holdings Co. Ltd. (KOSE:A000640) cancelled the acquisition of an additional stake in ST Pharm Co. Ltd. (KOSDAQ:A237690) on August 23, 2017.