Aconl Co.,Ltd. (KOSDAQ:A033600) agreed to acquire Taekyung Industrial Co., Ltd. from Taekyung Pns Co.,Ltd for KRW 16 billion on November 15, 2018. Aconl Co.,Ltd. agreed to acquire 8.47 million shares of Taekyung Industrial Co., Ltd. Aconl Co.,Ltd. will pay KRW 10 billion in cash KRW 60 billion in convertible bonds. The consideration will be paid on November 15, 2018. The Board of Directors of Aconl Co.,Ltd. passed a resolution for the transaction on November 15, 2018. The transaction is expected to be completed on November 15, 2018. Woo Duck Accounting Corporation acted as the external rating institution. Aconl Co.,Ltd. (KOSDAQ:A033600) cancelled the acquisition of Taekyung Industrial Co., Ltd. from Taekyung Pns Co.,Ltd. on December 31, 2018. As the net asset value cannot be determined due to the lack of reliable accounting data, Aconl contacted Taekyung Pns to cancel the contract according to stock and management transfer agreement article 11.