LX International Corp. (KOSE:A001120) signed a memorandum of understanding to acquire Hankuk Glass Industries Inc. from Korea Glass Holdings Co., Ltd. for approximately KRW 590 billion on December 24, 2021. LX International Corp. (KOSE:A001120) agreed to acquire Hankuk Glass Industries Inc. from Korea Glass Holdings Co., Ltd. for approximately KRW 590 billion on March 30, 2022. As part of the transaction, LX International will acquire 5 million shares representing 100% stake in Hankuk Glass. LX Group plans to finalize the contract by March next year after carrying out due diligence. As of August 31, 2022, The transaction is resolved by the board of LX International and expected to complete on November 30, 2022. The transaction is now expected to complete on March 28, 2023. Credit Suisse acted as the Exclusive Sell-side financial advisor to Glenwood Private Equity.

LX International Corp. (KOSE:A001120) completed the acquisition of Hankuk Glass Industries Inc. from Korea Glass Holdings Co., Ltd. on January 3, 2023.