DB Insurance Co., Ltd. (KOSE:A005830) entered into an agreement to acquire 80% stake in CIC (Guam) Limited, CIC (Saipan) Limited and CIC (New Guinea) Limited from Tan Holdings Corporation on June 26, 2019. DB is expected to secure the management rights in CIC (Guam), CIC (Saipan) and CIC (New Guinea). The transaction is subject to regulatory approval and is expected to close in the second half of 2019. As of December 17, 2019, the transaction is expected to close in early 2020. As per filing on June 16, 2020 the transaction is expected to close in fourth quarter of 2020. DB Insurance Co., Ltd. (KOSE:A005830) cancelled the acquisition of 80% stake in CIC (Guam) Limited, CIC (Saipan) Limited and CIC (New Guinea) Limited from Tan Holdings Corporation on May 12, 2021.