Innox Corporation (KOSDAQ:A088390) made a tender offer to acquire additional 24.4% stake in Innox Advanced Materials Co.,Ltd (KOSDAQ:A272290) for KRW 0.15 trillion on August 31, 2017. As per the terms of the transaction, Innox Corporation will acquire 2.1 million shares and will deliver its new registered shares to shareholders of Innox Advanced Materials Co.,Ltd. who subscribe this offer at a price of KRW 73,010 per share. If the total number of application shares is less than the number of shares to be purchased, all the shares will be bought. Innox Corporation will hold 34.3% stake in Innox Advanced Materials Co.,Ltd post-closing of tender offer. The offer will run from September 29, 2017 until October 18, 2017 and the payment will be done on October 23, 2017. Daishin Securities Co. Ltd. acted as service handling entity in the transaction.

Innox Corporation (KOSDAQ:A088390) completed the acquisition of additional 15.2% stake in Innox Advanced Materials Co.,Ltd (KOSDAQ:A272290) from Kyeong-Ho Chang and Jeong-Jin Park for KRW 95.7 billion on October 23, 2017. Kyeong-Ho Chang and Jeong-Jin Park sold 10.74% and 4.44% stake through this transaction and now holds 4.61% and 3.64% stake respectively. Upon completion, Innox Corporation holds 25.13% stake in Innox Advanced Materials Co.,Ltd.