Saeron Automotive Corp. (KOSE:A075180) agreed to acquire an unknown stake in Nisshinbo Saeron(Changshu) Automotive Co., Ltd. from Nisshinbo Holdings Inc. (TSE:3105) for KRW 6.9 billion in cash on July 26, 2012. The Board of Directors' of Saeron Automotive passed a resolution on July 26, 2012. The transaction is expected to close on October 31, 2012. The expected closing date for the transaction was extended from October 31, 2012 to January 31, 2013. As of January 30, 2013, the closing of the transaction is expected to take place on March 30, 2013.

Saeron Automotive Corp. (KOSE:A075180) cancelled the acquisition of an unknown stake in Nisshinbo Saeron(Changshu) Automotive Co., Ltd. from Nisshinbo Holdings Inc. (TSE:3105) on July 26, 2013.