Wonik Holdings Co., Ltd (KOSDAQ:A030530) agreed to acquire 35.13% stake in PNE Solution Co., Ltd. (KOSDAQ:A131390) from Dae-taek Jeong for approximately KRW 100 billion on October 16, 2020. Wonik Holdings Co., Ltd will be acquiring 5.2 million shares of PNE Solution Co., Ltd. at a price of KRW 19,206 per share. The transaction is expected to be completed on December 18, 2020.

Wonik Holdings Co., Ltd (KOSDAQ:A030530) completed the acquisition of 35.13% stake in PNE Solution Co., Ltd. (KOSDAQ:A131390) from Dae-taek Jeong on December 18, 2020. Wonik Holdings self funded KRW 20 billion and borrowed KRW 80 billion for the transaction.