J&W Partners Co., Ltd. agreed to acquire a 28.4% stake in NanoenTek, Inc. (KOSDAQ : A039860) from SK Square Co., Ltd. (KOSE:A402340) for KRW 58 billion on July 19, 2022. J&W Partners will pay KRW 7,631 per share for 7,600,649 shares, representing approximately a 28.4% stake in NanoenTek. The transaction is expected to close on September 19, 2022.

As of August 12, 2022, the expected date of completion of the transaction has been changed to September 22, 2022. As of September 21, 2022, the expected date of completion of the transaction has been changed to November 22, 2022. As of November 22, 2022, the transaction is expected to close on March 31, 2023.

As of March 31, 2023, the expected date of completion of the transaction has been changed to June 30, 2023. As of June 20, 2023, the transaction is expected to close on September 27, 2023.