Star Cheer Corporation Limited entered into an agreement to acquire 8.61% stake in CQV Co., Ltd. from LIN Kwang Su for KRW 10.6 billion.

CQV Co., Ltd. is a Korea-based company principally engaged in the manufacture of pearlescent pigments. The Company’s pearlescent pigments are for industrial usages such as wall papers, paints, artificial leathers, ink and prints, floorings, plastics and powder coatings; cosmetic usages such as nail enamels, lip glosses, base powders, eye shadows, lipsticks and color-related cosmetics, and automotive usages such as exterior paints, automotive paints and refinishes paints. The Company also provides electric ceramic powders (ECPs). It distributes its products within domestic market and to overseas markets.