HDC Hyundai Engineering Plastics Co., Ltd. (KOSE:A089470) agreed to acquire poly-phenylene sulfide business from SK Chemicals Co.,Ltd. (KOSE:A285130) for KRW 38.5 billion on October 27, 2021. The transaction valued at KRW 38.5 billion comprises of; down payment of KRW 3.8 billion and the balance of KRW 34.7 billion to be made at closing date. The closing is expected to occur once balance payment will be made on December 31, 2021.

Il-Hoon Kim and Dong-Hoon Lee of KPMG Corporate Finance acted as financial due diligence provider to HDC Hyundai Engineering Plastics Co., Ltd.