Hwashin Co., Ltd. (KOSE:A010690) agreed to acquire an additional stake in Hwashin Fabricante De Pecas Automotivas Brasil Ltda. for KRW 1.7 billion in cash on June 5, 2013. Pursuant to the transaction, Hwashin's stake in Hwashin Fabricante De Pecas will increase to 75%. The Board of Directors took a resolution for the transaction on June 5, 2013. The acquisition is scheduled to complete on June 6, 2013.

Hwashin Co., Ltd. (KOSE:A010690) cancelled the acquisition of an additional stake in Hwashin Fabricante De Pecas Automotivas Brasil Ltda. on June 5, 2014.