Mando Corporation (KOSE:A204320) agreed to acquire 29% stake in Woory M Automotive Co., Ltd. from Woory Industrial Co., Ltd. (KOSDAQ:A215360) for KRW 2.3 billion on June 8, 2018. Under the terms of the transaction, Mando Corporation will acquire 0.46 million shares. The transaction was resolved by the Board of Woory Industrial Co., Ltd. on June 8, 2018. The transaction is expected to close on June 15, 2018. As per the revised terms, the transaction is expected to close on June 20, 2018.

Mando Corporation (KOSE:A204320) cancelled the acquisition of 29% stake in Woory M Automotive Co., Ltd. from Woory Industrial Co., Ltd. (KOSDAQ:A215360) on June 8, 2019.