Senko Co., Ltd (KOSDAQ:A347000) agreed to acquire a 70% stake in U&E Co., Ltd. for KRW 2.8 billion on June 3, 2021. Under the term, Senko will acquire 0.01 million shares of U&E. As of December 31, 2020, U&E reported total assets of KRW 1.95 billion, total debt of KRW 907 million, sales of KRW 2.7 billion and net income of KRW 83 million. The transaction was resolved by the board of directors of Senko on June 3, 2021. The transaction is expected to close on June 3, 2021.