SBS Neo Partners Co., Ltd acquired 60% stake in GF&L Co., Ltd. from SBS Media Holdings Co., Ltd. (KOSE:A101060) for KRW 1.2 billion on May 29, 2019. SBS Neo Partners Co., Ltd will acquire 2.4 million shares at KRW 500 per share. SBS Media Holdings Co., Ltd. will not hold any stake in GF&L Co., Ltd. post completion. SBS Neo Partners Co., Ltd completed the acquisition of 60% stake in GF&L Co., Ltd. from SBS Media Holdings Co., Ltd. (KOSE:A101060) on May 29, 2019.