An unknown buyer agreed to acquire 51.59% stake in Kunshan Daekyung Automotive Processing Co., Ltd. from M2N Co.,Ltd (KOSDAQ:A033310) for CNY 27.5 million on December 26, 2022. The transaction is resolved by the board. The transaction is expected to complete on March 31, 2023. As on March 31, 2023, the transaction is expected to complete on June 30, 2023. As per the amendment document on May 2, 2203, the transaction is expected to be completed on May 2, 2023.

An unknown buyer completed the acquisition of 51.59% stake in Kunshan Daekyung Automotive Processing Co., Ltd. from M2N Co.,Ltd (KOSDAQ:A033310) on May 2, 2023. The consideration of CNY 27,490,100 was paid by converting it at an exchange rate of 192.15 KRW/CNY after paying Chinese taxes and domestic and foreign commissions, and the payment was actually made to M2N's account. M2N's stake in Kunshan Daekyung Automotive reduced from 70.59% to 19% as a result of this transaction.