LX International Corp. (KOSE:A001120) agreed to acquire 63.34% stake in Poseung Green Power Co.,Ltd from Daelim Energy Co., Ltd. for KRW 95 billion on April 19, 2022. For the financial year 2021, Poseung Green Power reported the total assets of KRW 243,083,646,623, total equity of KRW 72,121,546,329, Total debt of KRW 170,962,100,294 and Net income of KRW 6,157,641,544. Closing the transaction is subject to LX International Corp's board of director approval. Transaction is expected to close on July 29, 2022. As on July 19, 2022, Expected closing date of transaction got postponed to October 17, 2022.

LX International Corp. (KOSE:A001120) completed the acquisition of 63.34% stake in Poseung Green Power Co.,Ltd from Daelim Energy Co., Ltd. on October 19, 2022.