DL E&C Co.,Ltd. (KOSE:A375500) agreed to acquire DL Construction Co., Ltd. (KOSE:A001880) for KRW 93.3 billion on October 18, 2023. The exchange ratio of the transaction is 1 : 0.3704268. Following closing, DL Construction will become subsidiary of DL E&C. The transaction is subject to shareholder's approval and is expected to close on February 14, 2024.