Poongsan Corporation (KOSE:A103140) agreed to acquire the remaining 9.22% stake in PMX Industries, Inc. for KRW 40.9 billion in cash on June 3, 2014. Under the terms of the agreement, Poongsan Corporation will acquire 0.4 million shares of PMX Industries, Inc. The deal is expecetd to close on June 5, 2014.

Poongsan Corporation (KOSE:A103140) cancelled the acquisition of the remaining 9.22% stake in PMX Industries, Inc. on May 7, 2015.