Youngone Corp. (KOSE:A111770) entered into an agreement to acquire an additional 30% stake in SCOTT Sports SA from Beat Zaugg for approximately KRW 108.5 billion on January 23, 2015. After the completion of the transaction Youngone Corp will hold 50.01% stake in SCOTT Sports. On completion, Youngone will hold 6.3 million shares. As of August 31, 2014, SCOTT Sports had total assets of KRW 398.784 billion, total stockholders' equity of KRW 166.025 billion, sales of KRW 564.241 billion and net profit of KRW 18.741 billion. The transaction is expected to complete on February 27, 2015. As per the amendment on February 27, 2015, the transaction is expected to complete on March 31, 2015. Markus Vischer, Lucas Hänni, Reto Jacobs, Samuel Lieberherr, Janine Corti and Christian Lütolf of Walder Wyss acted as the legal advisors to Beat Zaugg.

Youngone Corp. (KOSE:A111770) completed the acquisition of additional 30% stake in SCOTT Sports SA from Beat Zaugg in the second quarter of 2015.