Doosan Engine Co., Ltd. (KOSE:A082740) signed an agreement to acquire 11.84% stake in Doosan Infracore Bobcat Holdings Co., Ltd for approximately KRW 620 billion on May 4, 2016. The Board of Doosan Engine Co., Ltd. passed a resolution for the transaction on May 4, 2016.

Doosan Engine Co., Ltd. (KOSE:A082740) completed the acquisition of 11.84% stake in Doosan Infracore Bobcat Holdings Co., Ltd for KRW 66.5 million on June 8, 2016. Doosan Engine Co., Ltd issued 7,242 shares of Doosan Infracore International, Inc. and 8354 shares of Doosan Holdings Europe Ltd as consideration for 1354 shares of Doosan Infracore Bobcat Holdings Co., Ltd.