GH Advanced Materials Inc. (KOSDAQ:A130500) agreed to acquire Mat Division Of NVH Floor System for KRW 5 billion on February 8, 2021. As of December 31, 2020, Mat Division Of NVH Floor System reported total assets of KRW 17.283 billion and sales of KRW 33.771 billion. Transaction is subject to customary closing condition, including shareholder approval of NVH. Transaction is expected to close by April 1, 2021. On March 26, 2021, Shareholders of NVH rejected the acquisition.