LG Ro Local Housing Association signed a contract to acquire land and buildings at 2034 Gyeonggidae-ro, Jinwi-myeon, Pyeongtaek-si, Gyeonggi-do, South Korea from Yungjin Pharm. Co., Ltd. (KOSE:A003520) for KRW 21.4 billion on August 24, 2016. Under the terms of the transaction, KRW 2.1 billion was deposited on August 24, 2016, the second payment of KRW 4.3 billion will be paid on February 15, 2017 and the balance of KRW 15 billion will be paid on May 31, 2017. As per the amendment on May 31, 2017, KRW 4.29 billion was already paid and the remaining amount of KRW 17.16 billion will be paid within July 15, 2017. As per the amendment on July 14, 2017, the remaining amount of KRW 17.16 billion will be paid within July 21, 2017. As on July 21, 2017, the remaining amount of KRW 17.16 billion was unpaid. Damages for delay are incurred for the remaining amount. The Board of Directors of Yungjin Pharm. Co., Ltd. passed a resolution regarding the acquisition on August 24, 2016. The transaction is expected to complete on May 31, 2017. As of July 14, 2017, the transaction is expected to complete within July 21, 2017. Nexia-Samduk acted as external rating institution.