SK Securities Co., Ltd. (KOSE:A001510) agreed to acquire 95.2% stake in MS Mutual Savings Bank for KRW 39.05 billion on April 22, 2021. The buyer will acquire 4.32 million shares. The Board of Directors has passed the resolution for the transaction. SK Securities will spent on the acquisition accounts for 6.72% of SK Securities's own capital. For the year ended 2020, MS Mutual Savings Bank reported KRW 417.78 billion of total assets, KRW 32.69 billion of total equity and KRW 0.56 billion of net income. Subject to approval from Financial Services Commission, completion date for the transaction will be determined. Transaction is expected to be closed on December 24, 2021.