B&B Investment Co., Ltd. and Sooin Cosmetic Co.,Ltd signed a contract to acquire 15.9% stake in LIS Co., Ltd. (KOSDAQ:A138690) for KRW 20.01 billion on October 3, 2016. B&B Investment Co., Ltd. and Sooin Cosmetic Co.,Ltd will acquire 1 million shares and 1.001 million shares respectively for an offer per share of KRW 10000. A deposit of KRW 2 billion has been made and remaining will be paid on closing. The payment for the transaction will be completed on October 4, 2016. The transaction is expected to close on November 1, 2016. As of October 13, 2016, Sooin Cosmetic acquired 0.27 million shares. As of October 14, 2016, Sooin Cosmetic acquired 0.01 million shares. As of October 17, 2016, Sooin Cosmetic acquired 0.34 million shares. As of October 18, 2016, Sooin Cosmetic acquired 0.15 million shares. As on October 21, 2016, Sooin Cosmetic Co.,Ltd acquired additional 0.06 million shares.