ChinHung International, Inc. (KOSE:A002780) agreed to acquire 44.2% stake in Ethan Hedge Fund 2 from AK Tower 2nd Co., Ltd. for KRW 154.2 billion on December 10, 2019. Under the terms of the transaction, ChinHung International, Inc. will acquire 137 billion common stock of Ethan Hedge Fund 2. For the financial year ended September 30, 2019, Ethan Hedge Fund 2 reported total assets of KRW 374 billion, total revenue of KRW 44 billion and total debt of KRW 67.3 million. The transaction was resolved by the Board of Directors of ChinHung International, Inc. The transaction is expected to close on December 11, 2019.