SK Materials Co., Ltd. (KOSDAQ:A036490) agreed to acquire remaining 20% stake in SK Airgas Co. Ltd. from Taiyo Nippon Sanso Corporation (TSE:4091) for KRW 31 billion on May 17, 2018. A total of 1.36 million shares will be acquired as part of the deal and consideration will be paid in cash. After the acquisition, SK Materials will hold 100% in SK Airgas. SK Airgas Co. Ltd. reported total assets of CNY 259.79 billion, net assets of CNY 78.7 billion, sales of CNY 92.13 billion and net profit of CNY 15.41 billion as of December 31, 2017. The Board of SK Materials Co., Ltd. resolved in favor of the deal. Deal is expected to close on May 31, 2018.

SK Materials Co., Ltd. (KOSDAQ:A036490) cancelled the acquisition of remaining 20% stake in SK Airgas Co. Ltd. from Taiyo Nippon Sanso Corporation (TSE:4091) on May 17, 2019.