Sungwoo Hitech Co., Ltd. (KOSDAQ:A015750) agreed to acquire 60.05% WMU Beteiligung GmbH for KRW 16.6 billion on June 23, 2014. The Board of Directors' passed the resolution on June 23, 2014. For the year ended on December 31, 2013, WMU Beteiligung reported total assets and shareholders' equity of KRW 36 million.

The transaction is expected to complete on June 24, 2013.