Environmental Energy Co., Ltd. agreed to acquire Daewon Eco-Green Co.,Ltd from Daewon Cable Co.,Ltd. (KOSE:A006340) for KRW 23 billion on April 10, 2017. Daewon Cable will sell 0.504 million shares of Daewon Eco-Green and will not hold any shares on closing. The consideration will be paid in cash and 20% of the consideration has been paid as deposit. For the year ended December 31, 2016, Daewon Eco-Green reported total assets of KRW 30.8 billion, net profit of KRW 1.65 billion and sales of KRW 9.23 billion. Board of Directors of Daewon Cable passed a resolution for the transaction on April 10, 2017. Scheduled date of the transaction is April 10, 2017. Nexia-Samduk acted as external rating institution in the transaction.