DN Automotive Corporation (KOSE:A007340) agreed to acquire Dong Ah Tire & Rubber Co.,Ltd. (KOSE:A282690) from Sangheon Kim, Minchan Kim, Hyojung Kim, Sunmi Kim, Yang Jungseok and Wonjong Kim for KRW 170 billion on June 12, 2024. The consideration consists of 2.14 million common equity of DN Automotive Corporation having a value of KRW 80.76 billion to be issued for common equity of Dong Ah Tire & Rubber Co.,Ltd. The transaction is subject to approval from the shareholders of DN Automotive Corporation. The expected completion of the transaction is September 7, 2024.