Duksan Techopia Co., Ltd. agreed to acquire UMT Co., Ltd. from Duksan Hi-Metal Co., Ltd. (KOSDAQ:A077360) and others on August 25, 2016. Duksan Hi-Metal will sell 0.22 million shares of UMT Co., Ltd. representing 70% stake. As per the terms of the deal, 0.670336 shares of Duksan Techopia Co will be issued for each share of UMT Co., Ltd. 0.21 million shares of Duksan Techopia will be issued as consideration.

Post-completion, Duksan Hi-Metal Co will not hold any stake in UMT Co., Ltd. UMT Co., Ltd had total assets of KRW 43.54 billion for the year ended December 31, 2015. The Board of Duksan Hi-Metal Co resolved the deal on August 25, 2016. The deal is expected to close on October 31, 2016.