S&K Polytec Co., Ltd. (KOSDAQ:A091340) signed a memorandum of understanding to acquire Alti-electronics Co. Ltd. for KRW 16.04 billion on July 14, 2015. S&K Polytec was selected as the preferred bidder.

S&K Polytec Co., Ltd is in the process of evaluation, but signing of the formal contract, actual date, and details have not been confirmed yet. The deal is expected to be completed by November 30, 2015. As of November 13 2015, the settlement date was extended to November 20, 2015.

As of November 19, 2015, the settlement date was extended to January 30, 2016.