KBG Corp. (KOSDAQ:A318000) agreed to acquire Aerogel Korea Co. Ltd from TKG Taekwang CO.,LTD for KRW 8.3 billion on June 28, 2024. A cash consideration of KRW 8.28 billion will be paid by KBG Corp. The transaction will be financed through equity investment of KRW 8.28 billion. For the period ending December 31, 2023, Aerogel Korea Co. Ltd reported total revenue of KRW 7.6 billion and net income of KRW 191 million. As of December 31, 2023, Aerogel Korea Co. Ltd reported total debt of KRW 272 million, total assets of KRW 8.6 billion and total common equity of KRW 8.33 billion. The expected completion of the transaction is July 11, 2024.

KBG Corp. (KOSDAQ:A318000) completed the acquisition of Aerogel Korea Co. Ltd from TKG Taekwang CO.,LTD on July 11, 2024.