Daesung Eltec Co., Ltd. (KOSDAQ:A025440) agreed to acquire additional 40.3% stake in Verasys Inc. for KRW 1.5 billion on May 3, 2018. Under the terms of the transaction, LPK Co.,Ltd will acquire 0.06 million shares. Out of total consideration, KRW 546 million was paid on May 3, 2018 and remaining will be paid on May 30, 2018. For the year ended December 31, 2017, Verasys Inc. reported total assets of KRW 3.2 billion, total capital of KRW 1.4 billion, sales of KRW 2.3 billion, and net profit of KRW 134 million. The transaction was resolved by the Board of Daesung Eltec Co., Ltd. on May 3, 2018. The transaction is expected to close on May 30, 2018. Daesung Eltec Co., Ltd. (KOSDAQ:A025440) cancelled the acquisition of additional 40.3% stake in Verasys Inc. on May 3, 2019.