Kiswire Hongkong Holding Ltd. agreed to acquire unknown stake in Kiswire Qingdao Ltd. from KISWire Co.,Ltd (KOSE:A002240) for KRW 49.8 billion on November 17, 2016. This contract involves sales of Kiswire Qingdao Ltd. shares through investment-in-kind with Kiswire Hongkong Holding Ltd. The Board of Directors passed resolution for the transaction on November 17, 2016. The deal will close on November 17, 2016.