MS Autotech Co., Ltd. (KOSE:A123040) agreed to acquire remaining 48.48% stake in Myoung Shin Industrial Co., Ltd. from Yang-Seop Lee and 3 other shareholders for KRW 10.3 billion on July 3, 2012. MS Autotech Co., Ltd. will acquire 0.291 million shares of Myoung Shin Industrial Co., Ltd. The Board of Directors of MS Autotech Co., Ltd. passed resolution for the transaction on July 3, 2012. The transaction is expected to close on July 13, 2012.

MS Autotech Co., Ltd. (KOSE:A123040) cancelled the acquisition of remaining 48.48% stake in Myoung Shin Industrial Co., Ltd. from Yang-Seop Lee and 3 other shareholders on July 3, 2013.