Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KOSE:A042660) agreed to acquire 32.9% stake in Yolref Trans from HANKOOK Technology Inc. (KOSDAQ:A053590) for KRW 10.7 billion on October 14, 2019. Daewoo Shipbuilding will acquire 7.2 million shares. As part of the transaction, the consideration is paid in new stock.

The deal was resolved by Board of HANKOOK Technology Inc. on October 11, 2019. The date of assignment is changed from December 26, 2019 to April 10, 2020. On June 19, 2020, Initial submission date of the document is corrected to October 14, 2019 and the transfer amount is corrected to KRW 5.4 billion, based on the evaluation.

As of April 10, 2020, the transaction is expected to be completed by June 19, 2020.