DYD Co.,LTD. (KOSDAQ:A219550) agreed to acquire a 5.86% stake in Sambu Engineering & Construction Co., Ltd (KOSE : A001470) from Lee Suk Industry Co Ltd and 5 other companies for KRW 44 billion on May 4, 2022. Pursuant to transaction, DYD Co. will pay KRW 4,000 per share for 8 million shares, representing approximately 4.26% stake in Sambu Engineering & Construction Co.

The consideration comprises of KRW 7 billion deposit for due diligence, additional KRW 7 billion to be within 10 days business days of the end of due diligence, KRW 16 billion to be paid on July 19 , 2022 and remaining KRW 2 billion to be paid on November 15, 2022. The source of funding of consideration is self-funding and borrowing. As of November 15, 2022, the balance 2 billion will be paid on February 14, 2023, and the transaction is also expected to close on February 14, 2023.