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. Kiswire Hongkong Holding Ltd. cancelled the acquisition of an unknown stake in Kiswire Qingdao Ltd. from KISWire Co.,Ltd (KOSE:A002240) on November 17, 2017.