Sacheon Aerospace Manufacturing Ind. Co., Ltd (KOSDAQ:A263540) agreed to acquire a 25.7% stake in Earth Tech Co., Ltd. from KR EMS Co., Ltd. for KRW 6.1 billion on February 25, 2022. As part of the transaction, Sacheon Aerospace will acquire 145,000 shares in Earth Tech for KRW KRW 6.1 billion by issuing convertible bonds.

The transaction is resolved by the board of Sacheon Aerospace and expected to complete on February 25, 2022.