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