Daeduck Electronics Co., Ltd. (KOSE:A008060) agreed to acquire the remaining 84.6% stake in Daeduck GDS Co.,Ltd. (KOSE:A004130) for approximately KRW 280 billion on August 8, 2018. Under the terms, the exchange ratio for common shares and preferred shares is 1:1.6072719. As a result, Daeduck Electronics Co., Ltd. will issue 31.9 million shares as the consideration. After the transaction, Daeduck GDS Co.,Ltd. will be dissolved. The Board of Directors of Daeduck Electronics Co., Ltd. passed a resolution on the transaction on August 8, 2018. On October 30, 2018, the transaction was approved by the shareholders of Daeduck GDS Co.,Ltd. and Daeduck Electronics Co., Ltd. The transaction is expected to be completed on December 1, 2018. Samil PricewaterhouseCoopers acted as external rating institution on the deal.