Daeho Vehicle Co., Ltd. agreed to acquire Daeho Hightech Co., Ltd. from Daeho AL Co., Ltd. (KOSE:A069460) for KRW 25.2 billion on December 24, 2014. Daeho Vehicle Co. will acquire 0.6 million shares.

Daeho Hightech reported total assets of KRW 60.1 billion and total stakeholder's equity of KRW 32.1 billion as of December 31, 2013. The Board of Directors of Daeho AL passed a resolution for the transaction. The signing date of asset acquisition is December 26, 2014, the deposit payment date is December 26, 2014 while the balance payment date is December 28, 2015.

Nexia-Samduk acted as the external evaluating agency for the transaction.