TK Chemical Corp. (KOSE:A104480) agreed to acquire Hiplus Card Corporation from Korea Expressway Corporation for KRW 16.3 billion in cash on June 3, 2011. TK Chemical Corp will acquire 1.2 million shares of Hiplus Card Corporation. Hiplus Card Corporation reported sales revenue of KRW 18.15 billion, net loss of KRW 1.5 billion, total stockholders' equity of KRW 7.53 billion and total assets of KRW 150.18 billion for the year ended December 31, 2010. The Board of Directors of TK Chemical passed a resolution for the transaction on June 3, 2011. The transaction is subject to approval by Fair Trade Commission and the transaction is expected to be completed by June 10, 2011. TK Chemical Corp. (KOSE:A104480) cancelled the acquisition of Hiplus Card Corporation from Korea Expressway Corporation on June 3, 2012.