Posco M-Posco M-Tech Co., Ltd. (KOSE:A009520) agreed to acquire 9Digit Co., Ltd. from Posco M-Tech Co., Ltd. (KOSDAQ:A009520), Shinbo Investment Corporation and other shareholders for KRW 6.7 billion in stock on October 24, 2012. On October 30, 2012, Posco M-Tech Co., Ltd. (KOSE:A009520) entered into an agreement to acquire 9Digit Co., Ltd. from POSCO and Shinbo Investment Corporation. Posco M-Tech Co., Ltd. will acquire 3.42 million common shares of 9Digit Co., Ltd. Posco M-Tech will issue 0.2017309 common shares of Posco M-Tech Co., Ltd for every share of 9Digit. Post transaction, Posco M-Tech Co., Ltd. will be the surviving company and Posco M-Tech Co., Ltd. has no plans to be delisted.

For the year ending December 31, 2011, 9Digit Co., Ltd. reported sales of KRW 58.34 billion, total assets of KRW 34.35 billion, total stockholders' equity of KRW 6.78 billion, operating profit of KRW 828 million and net loss of KRW 261 million. The creditors can submit their objections from November 30, 2012 to December 31, 2012.

The transaction has been resolved by Board of Directors of Posco M-Tech Co., Ltd on October 24, 2012. The transaction is subject to approval by shareholders of 9Digit Co., Ltd. The transaction will be terminated if it does not get the approval from the Board of Directors meeting of Posco M-Tech Co., Ltd. for the merger. Board of Directors of Posco M-Tech Co., Ltd approved the transaction, substituting general meeting of stockholders on November 28, 2012. The transaction is expected to close by January 1, 2013.