Peregrine JYA 1st Limited agreed to acquire 84.8% stake in Halla Encom Corp. from Halla Corporation (KOSE:A014790) for KRW 55.6 billion on August 13, 2018. Under the transaction, Halla Corporation is selling 4.3 million shares. Post transfer, Halla Corporation will hold 0.78 million shares representing 15.23% stake. During the financial year ended December 2017, Halla Encom Corp. reported total assets of KRW 123.1 trillion, net assets of KRW 53.6 trillion, sales of KRW 285.25 trillion and net profit of KRW 4.1 trillion. The transaction has been resolved by the Board of Halla Corporation. The transaction is expected to be completed by August 28, 2018.