Daesung Industrial Co., Ltd. (KOSE:A128820) agreed to acquire 19.4% stake in DS POWER Co.,Ltd. for KRW 30 billion on September 17, 2021. Daesung Industrial will acquire 3.5 million shares of DS POWER . Post acquisition, the Daesung Industrial will hold 81.80% stake in DS POWER .

The Board of Directors of Daesung Industrial resolved the transaction. The transaction is expected to close on September 24, 2021.