Tsk Water Co., Ltd. agreed to acquire Huvis Water Corporation from Huvis Corporation (KOSE:A079980) on November 19, 2018. For every registered common stock of Huvis Water Corporation, 0.0180455 registered common stock of Tsk Water Co., Ltd. will be issued. Huvis Water Corporation reported total assets of KRW 85.6 billion and net assets of KRW 67.4 billion as of December 31, 2017. The deal is expected to close on December 21, 2018. As of December 21, 2018, the completion date is amended to January 10, 2019 due to delays in business combination approval. As on January 10, 2019, Tsk Water Co., Ltd. issued a new shares of 0.16 million shares representing 16.52% stake to Huvis Corporation. KPMG Corporate Finance acted as financial advisor to Huvis Water Corporation.