SK Materials Co., Ltd. (KOSDAQ:A036490) agreed to acquire 80% stake in Hanyu Chemical Co., Ltd. from Hanyu Co.,Ltd. for KRW 40 billion on November 27, 2019. The consideration will be paid in cash. Hanyu Chemical had total assets of KRW 22.4 billion, net assets of KRW 19 billion, revenues of KRW 16.5 billion and net income of KRW 326 million. Transaction was resolved by the Board of Hanyu Chemical. Transaction is expected to close on November 29, 2019.