Dong Won Corporation (KOSE:A003580) agreed to acquire Elishacoy, Inc. for KRW 3.3 billion on August 20, 2018. Under the terms of transaction, Dong Won Corporation will acquire 1.5 million shares for KRW 3.3 billion. For the year ended December 31, 2017, Elishacoy, Inc. had total assets of KRW 5.5 billion, net assets of KRW 1.7 billion, sales of KRW 5.5 billion and net profit of KRW 14 million. The transaction has been resolved by the Board of Dong Won Corporation. The transaction is expected to be completed by August 20, 2018. Dong Won Corporation (KOSE:A003580) cancelled the acquisition of Elishacoy, Inc. on August 20, 2019.