BNW Investment Co Ltd signed a stock purchase agreement to acquire Dongbu LED Co. Ltd. for $10.2 million on April 21, 2015. The final deal will be determined by the court by the end of May. Dongbu LED posted sales revenue of $23.47 million (KRW 25.8 billion) and operating loss of $11.92 million (KRW 13.1 billion) in 2014. PricewaterhouseCoopers acted as financial advisor to Dongbu LED. The currency conversion has been done through www.oanda.com as of December 31, 2014.

BNW Investment Co Ltd completed the acquisition of Dongbu LED Co. Ltd. on April 21, 2016.