KODI CO., LTD (KOSDAQ:A080530) agreed to acquire Shinhwan Costec Co., Ltd. for KRW 26.5 billion on September 27, 2018. A total of 0.04 million shares will be acquired as part of the deal. KRW 16.45 billion will be paid on September 28, 2018 and the remaining amount will be paid on date agreed by the parties. Shinhwan Costec Co., Ltd. reported net assets of KRW 8.25 billion, total assets of KRW 11.94 billion, sales of KRW 18.77 billion and net profit of KRW 2.02 billion as of December 31, 2017. Board of KODI CO., LTD (KOSDAQ:A080530) resolved in favor of the deal on the same date. Daejoo Accounting Corporation acted as external rating institution.