Kiswire Hongkong Holding Ltd. agreed to acquire unknown minority stake in Kiswire Cord Qingdao Co., Ltd. from KISWire Co.,Ltd (KOSE:A002240) and other sellers for CNY 10 billion on November 17, 2016. This contract involves sales of Kiswire Cord Qingdao Co., Ltd. shares through investment-in-kind with Kiswire Hongkong Holding Ltd. The transaction was resolved by the board of directors of KISWire Co.,Ltd. The transaction is expected to close on November 17, 2016.